Lea Marie Faraone Foundation To Assist Children Living With Chroni
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 49,553 | 0 | 49,553 | — | — |
| 2020 | 46,267 | 29,660 | 16,607 | 28.5 | — |
| 2021 | 52,136 | 29,098 | 23,038 | 38.5 | — |
| 2022 | 44,666 | 24,156 | 20,510 | 56.6 | — |
| 2023 | 46,279 | 45,871 | 408 | 29.9 | — |
In its most recent public year (2023), this organization brought in $408 more than it spent. Its reserves stood at about 29.9 months 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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