Galileo Foundation Us Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 139,964 | 111,628 | 28,336 | 4.2 | 43% |
| 2021 | 172,496 | 171,833 | 663 | 2.8 | 27% |
| 2022 | 2,083,500 | 2,100,371 | −16,871 | 0.6 | 4% |
In its most recent public year (2022), this organization spent $16,871 more than it brought in. Its reserves stood at about 0.6 months of spending, down from 4.2 in 2020. Staff pay was 4% 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 2022. 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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