Olympic College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,875,971 | 1,070,786 | 1,805,185 | 187.6 | 14% |
| 2021 | 2,519,893 | 596,093 | 1,923,800 | 446.6 | 17% |
| 2022 | 1,748,096 | 1,469,584 | 278,512 | 154.4 | 8% |
| 2023 | 1,593,502 | 1,161,438 | 432,064 | 207.1 | 19% |
In its most recent public year (2023), this organization brought in $432,064 more than it spent. Its reserves stood at about 207.1 months of spending, up from 187.6 in 2020. Staff pay was 19% of spending. $19,279,961 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
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