Passkeys Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 106,746 | 115,988 | −9,242 | 54.9 | 0% |
| 2012 | 100,777 | 102,934 | −2,157 | 63.0 | 0% |
| 2013 | 99,771 | 426,959 | −327,188 | 6.7 | 0% |
| 2014 | 62,264 | 80,070 | −17,806 | 32.1 | 0% |
| 2015 | 145,403 | 65,129 | 80,274 | 53.9 | — |
| 2016 | 53,258 | 91,708 | −38,450 | 33.2 | — |
| 2017 | 76,530 | 105,108 | −28,578 | 25.7 | — |
| 2018 | 88,992 | 98,178 | −9,186 | 25.4 | — |
| 2019 | 103,433 | 116,672 | −13,239 | 20.5 | — |
| 2020 | 47,044 | 80,760 | −33,716 | 25.3 | — |
| 2021 | 50,855 | 71,911 | −21,056 | 25.9 | — |
| 2022 | 85,504 | 86,343 | −839 | 20.9 | — |
| 2023 | 81,910 | 84,324 | −2,414 | 21.5 | — |
In its most recent public year (2023), this organization spent $2,414 more than it brought in. Its reserves stood at about 21.5 months of spending, down from 54.9 in 2011.
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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