Spence Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,096 | 78,080 | −61,984 | 619.9 | 0% |
| 2012 | 15,819 | 73,704 | −57,885 | 647.2 | 0% |
| 2013 | 10,725 | 67,853 | −57,128 | 692.9 | 0% |
| 2014 | 10,106 | 65,961 | −55,855 | 702.7 | 0% |
| 2015 | 17,148 | 64,666 | −47,518 | 707.9 | 0% |
| 2016 | 19,973 | 65,371 | −45,398 | 691.9 | 0% |
| 2017 | 20,219 | 64,941 | −44,722 | 688.3 | 0% |
| 2018 | 19,962 | 64,706 | −44,744 | 682.5 | 0% |
| 2019 | 21,609 | 67,228 | −45,619 | 648.7 | 0% |
| 2020 | 57,031 | 97,191 | −40,160 | 443.8 | 0% |
| 2021 | 31,501 | 114,111 | −82,610 | 369.3 | 0% |
| 2023 | 8,960 | 61,905 | −52,945 | 660.2 | 0% |
In its most recent public year (2023), this organization spent $52,945 more than it brought in. Its reserves stood at about 660.2 months of spending, up from 619.9 in 2011. Staff pay was 0% 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
Spence Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works