Putnam Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,999,552 | 1,534,398 | 465,154 | 373.0 | 45% |
| 2022 | 2,026,658 | 1,719,055 | 307,603 | 333.8 | 46% |
| 2023 | 12,515,322 | 2,504,678 | 10,010,644 | 266.2 | 39% |
| 2024 | 1,932,243 | 2,649,686 | −717,443 | 256.5 | 40% |
In its most recent public year (2024), this organization spent $717,443 more than it brought in. Its reserves stood at about 256.5 months of spending, down from 373 in 2021. Staff pay was 40% of spending. $36,295,485 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 2024. 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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