Folsom Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 657,661 | 297,439 | 360,222 | 40.1 | 28% |
| 2021 | 193,281 | 310,124 | −116,843 | 33.9 | 30% |
| 2022 | 813,266 | 482,105 | 331,161 | 30.1 | 29% |
| 2023 | 288,947 | 553,249 | −264,302 | 20.5 | 43% |
In its most recent public year (2023), this organization spent $264,302 more than it brought in. Its reserves stood at about 20.5 months of spending, down from 40.1 in 2020. Staff pay was 43% of spending. $252,271 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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