Millennial Debt Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 110,000 | 2,603 | 107,397 | 495.1 | — |
| 2020 | 182,500 | 96,397 | 86,103 | 24.1 | — |
| 2021 | 350,904 | 234,192 | 116,712 | 15.9 | 68% |
| 2022 | 276,290 | 251,830 | 24,460 | 15.9 | 50% |
| 2023 | 447,825 | 552,026 | −104,201 | 5.0 | 44% |
In its most recent public year (2023), this organization spent $104,201 more than it brought in. Its reserves stood at about 5 months of spending, down from 495.1 in 2019. Staff pay was 44% 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
Millennial Debt Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works