Palmdale Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 102,799 | 143,289 | −40,490 | 19.9 | 0% |
| 2021 | 132,960 | 123,116 | 9,844 | 24.1 | 0% |
| 2022 | 281,028 | 272,612 | 8,416 | 11.3 | 0% |
| 2023 | 143,143 | 162,798 | −19,655 | 17.4 | 0% |
In its most recent public year (2023), this organization spent $19,655 more than it brought in. Its reserves stood at about 17.4 months of spending, down from 19.9 in 2020. Staff pay was 0% of spending. $240,159 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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