Headknowles Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 230,484 | 23,412 | 207,072 | 106.4 | 0% |
| 2021 | 941 | 83,978 | −83,037 | 17.8 | — |
| 2022 | 243,508 | 15,485 | 228,023 | 273.3 | 0% |
In its most recent public year (2022), this organization brought in $228,023 more than it spent. Its reserves stood at about 273.3 months of spending, up from 106.4 in 2020. Staff pay was 0% of spending. $448,855 of its net assets are donor-restricted.
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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