Reef Check Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,128,228 | 1,019,243 | 108,985 | 4.5 | 11% |
| 2021 | 1,315,658 | 1,284,740 | 30,918 | 3.6 | 53% |
| 2022 | 1,693,971 | 1,829,768 | −135,797 | 1.7 | 48% |
| 2023 | 1,418,196 | 1,640,134 | −221,938 | 0.3 | 52% |
In its most recent public year (2023), this organization spent $221,938 more than it brought in. Its reserves stood at about 0.3 months of spending, down from 4.5 in 2020. Staff pay was 52% of spending. $100,840 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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