Torchys Family Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 302,851 | 122,005 | 180,846 | 22.6 | 0% |
| 2022 | 142,556 | 120,550 | 22,006 | 25.0 | 0% |
| 2023 | 522,139 | 121,090 | 401,049 | 64.7 | 0% |
In its most recent public year (2023), this organization brought in $401,049 more than it spent. Its reserves stood at about 64.7 months of spending, up from 22.6 in 2021. Staff pay was 0% 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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