Garkane Energy Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 26,545,335 | 24,559,313 | 1,986,022 | 25.7 | 11% |
| 2021 | 29,593,598 | 25,946,102 | 3,647,496 | 25.3 | 11% |
| 2022 | 30,678,665 | 28,850,541 | 1,828,124 | 22.8 | 5% |
| 2023 | 31,481,839 | 29,161,231 | 2,320,608 | 23.1 | 5% |
In its most recent public year (2023), this organization brought in $2,320,608 more than it spent. Its reserves stood at about 23.1 months of spending, down from 25.7 in 2020. Staff pay was 5% 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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