Sorsby Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 117,114 | 105,411 | 11,703 | 1.3 | 0% |
| 2024 | 324,812 | 279,880 | 44,932 | 2.5 | 40% |
In its most recent public year (2024), this organization brought in $44,932 more than it spent. Its reserves stood at about 2.5 months of spending, up from 1.3 in 2022. Staff pay was 40% 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 2024. 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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