1162 Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 3,176 | 3,176 | 0 | 0.0 | — |
| 2020 | 371,389 | 320,809 | 50,580 | 1.9 | 0% |
| 2021 | 744,102 | 775,705 | −31,603 | 0.3 | 0% |
| 2022 | 388,126 | 261,043 | 127,083 | 6.7 | 0% |
| 2023 | 200,982 | 15,854 | 185,128 | 250.7 | 0% |
In its most recent public year (2023), this organization brought in $185,128 more than it spent. Its reserves stood at about 250.7 months of spending, up from 0 in 2019. 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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