America First Legal Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 6,388,442 | 2,150,423 | 4,238,019 | 23.6 | 22% |
| 2022 | 44,399,187 | 35,179,698 | 9,219,489 | 4.6 | 7% |
| 2023 | 9,646,710 | 10,308,089 | −661,379 | 14.9 | 29% |
In its most recent public year (2023), this organization spent $661,379 more than it brought in. Its reserves stood at about 14.9 months of spending, down from 23.6 in 2021. Staff pay was 29% 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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