Glendale College Foundation Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 867,220 | 768,757 | 98,463 | 180.1 | 0% |
| 2016 | 1,193,418 | 660,928 | 532,490 | 217.4 | 0% |
| 2017 | 1,237,010 | 1,056,312 | 180,698 | 149.7 | 0% |
| 2018 | 1,090,345 | 857,537 | 232,808 | 199.1 | 0% |
| 2019 | 1,052,103 | 863,266 | 188,837 | 208.3 | 6% |
| 2020 | 1,243,011 | 884,508 | 358,503 | 218.9 | 6% |
| 2021 | 1,182,999 | 864,553 | 318,446 | 277.0 | 0% |
| 2022 | 1,599,919 | 1,144,125 | 455,794 | 179.4 | 6% |
| 2023 | 2,366,676 | 1,248,396 | 1,118,280 | 186.3 | 5% |
In its most recent public year (2023), this organization brought in $1,118,280 more than it spent. Its reserves stood at about 186.3 months of spending, up from 180.1 in 2015. Staff pay was 5% of spending. $15,436,512 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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