Cobalt Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 687,345 | 519,538 | 167,807 | 9.6 | 38% |
| 2012 | 333,052 | 529,072 | −196,020 | 5.0 | 42% |
| 2013 | 237,018 | 347,847 | −110,829 | 4.3 | 38% |
| 2014 | 694,294 | 714,253 | −19,959 | 1.5 | 30% |
| 2015 | 649,511 | 525,356 | 124,155 | 4.8 | 49% |
| 2016 | 517,326 | 677,018 | −159,692 | 0.7 | 53% |
| 2017 | 786,098 | 704,341 | 81,757 | 2.0 | 56% |
| 2018 | 1,140,251 | 1,140,181 | 70 | 1.2 | 47% |
| 2019 | 1,366,053 | 1,365,723 | 330 | 1.0 | 42% |
| 2020 | 2,028,937 | 1,821,269 | 207,668 | 2.1 | 39% |
| 2021 | 21,451,677 | 1,428,043 | 20,023,634 | 171.0 | 52% |
| 2022 | 3,685,421 | 2,537,967 | 1,147,454 | 92.1 | 38% |
| 2023 | 3,755,988 | 4,989,157 | −1,233,169 | 44.7 | 27% |
In its most recent public year (2023), this organization spent $1,233,169 more than it brought in. Its reserves stood at about 44.7 months of spending, up from 9.6 in 2011. Staff pay was 27% of spending. $17,198,560 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 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
Cobalt 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