Free Speech Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 701,602 | 165,071 | 536,531 | 39.0 | 23% |
| 2021 | 12,862,389 | 5,627,084 | 7,235,305 | 16.6 | 8% |
| 2022 | 12,962,564 | 8,463,224 | 4,499,340 | 12.3 | 9% |
| 2023 | 4,235,329 | 7,000,428 | −2,765,099 | 12.8 | 20% |
In its most recent public year (2023), this organization spent $2,765,099 more than it brought in. Its reserves stood at about 12.8 months of spending, down from 39 in 2020. Staff pay was 20% 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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