Porterville College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 939,501 | 791,713 | 147,788 | 122.9 | 15% |
| 2021 | 2,014,777 | 592,538 | 1,422,239 | 200.1 | 9% |
| 2022 | 828,267 | 3,465,532 | −2,637,265 | 25.1 | 1% |
| 2023 | 1,863,183 | 734,190 | 1,128,993 | 268.4 | 5% |
In its most recent public year (2023), this organization brought in $1,128,993 more than it spent. Its reserves stood at about 268.4 months of spending, up from 122.9 in 2020. Staff pay was 5% of spending. $12,839,876 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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