1st Foundation Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 323,044 | 114,598 | 208,446 | 23.2 | 0% |
| 2022 | 724 | 120,579 | −119,855 | 10.1 | — |
| 2023 | 102,098 | 81,011 | 21,087 | 18.2 | — |
In its most recent public year (2023), this organization brought in $21,087 more than it spent. Its reserves stood at about 18.2 months of spending, down from 23.2 in 2021.
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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