Historic Smithfield Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,074,185 | 17,634 | 1,056,551 | 739.6 | 0% |
| 2022 | 276,900 | 89,476 | 187,424 | 170.9 | 0% |
| 2023 | 42,553 | 64,321 | −21,768 | 233.4 | 11% |
In its most recent public year (2023), this organization spent $21,768 more than it brought in. Its reserves stood at about 233.4 months of spending, down from 739.6 in 2021. Staff pay was 11% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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