Virgie Giles Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 50,275 | 52,121 | −1,846 | 1.1 | — |
| 2019 | 127,084 | 199,518 | −72,434 | -4.1 | — |
| 2020 | 104,517 | 226,182 | −121,665 | -10.0 | — |
| 2021 | 121,062 | 139,835 | −18,773 | -17.8 | — |
| 2022 | 56,644 | 67,933 | −11,289 | -39.1 | — |
| 2023 | 13,780 | 28,847 | −15,067 | -98.2 | — |
In its most recent public year (2023), this organization spent $15,067 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-98.2 months), down from 1.1 in 2018.
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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