Salter Family Charitable Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 499,275 | 257,891 | 241,384 | 338.0 | 0% |
| 2021 | 349,945 | 485,069 | −135,124 | 189.0 | 0% |
| 2022 | 163,206 | 294,252 | −131,046 | 247.2 | 0% |
| 2023 | 68,046 | 3,295,500 | −3,227,454 | 12.1 | 0% |
In its most recent public year (2023), this organization spent $3,227,454 more than it brought in. Its reserves stood at about 12.1 months of spending, down from 338 in 2020. Staff pay was 0% 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
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