Galt Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,254,860 | 14,795,118 | 459,742 | 2.7 | 78% |
| 2012 | 18,117,073 | 16,866,675 | 1,250,398 | 3.3 | 79% |
| 2013 | 18,905,265 | 17,975,106 | 930,159 | 3.7 | 78% |
| 2014 | 20,113,890 | 19,007,848 | 1,106,042 | 4.2 | 79% |
| 2015 | 21,018,352 | 19,515,133 | 1,503,219 | 5.0 | 80% |
| 2016 | 24,278,985 | 22,006,437 | 2,272,548 | 5.7 | 81% |
| 2017 | 28,663,201 | 26,243,192 | 2,420,009 | 5.9 | 81% |
| 2018 | 29,859,824 | 29,945,708 | −85,884 | 5.1 | 78% |
| 2019 | 33,846,949 | 34,688,922 | −841,973 | 4.1 | 77% |
| 2020 | 32,696,459 | 33,392,771 | −696,312 | 4.1 | 79% |
| 2021 | 36,113,892 | 36,264,700 | −150,808 | 3.9 | 71% |
| 2022 | 22,618,270 | 23,189,152 | −570,882 | 5.4 | 77% |
| 2023 | 17,153,129 | 18,048,953 | −895,824 | 6.8 | 76% |
In its most recent public year (2023), this organization spent $895,824 more than it brought in. Its reserves stood at about 6.8 months of spending, up from 2.7 in 2011. Staff pay was 76% 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
Galt 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