Pennacle Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 988,981 | 973,989 | 14,992 | -2.1 | 61% |
| 2020 | 635,669 | 945,959 | −310,290 | -5.8 | 63% |
| 2021 | 485,946 | 518,808 | −32,862 | -11.7 | 50% |
| 2022 | 576,472 | 813,585 | −237,113 | -11.3 | 67% |
| 2023 | 502,845 | 625,767 | −122,922 | -17.3 | 60% |
In its most recent public year (2023), this organization spent $122,922 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-17.3 months), down from -2.1 in 2019. Staff pay was 60% 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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