Palomar College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,718,230 | 1,584,843 | 133,387 | 42.2 | 1% |
| 2012 | 1,405,495 | 1,384,017 | 21,478 | 51.2 | 0% |
| 2013 | 1,538,151 | 1,296,479 | 241,672 | 59.4 | 0% |
| 2014 | 1,579,037 | 1,623,615 | −44,578 | 48.2 | 0% |
| 2015 | 2,475,144 | 1,544,606 | 930,538 | 56.3 | 0% |
| 2016 | 1,795,988 | 1,796,425 | −437 | 50.7 | 0% |
| 2017 | 2,126,231 | 2,027,749 | 98,482 | 49.8 | 0% |
| 2018 | 2,578,552 | 2,471,894 | 106,658 | 38.5 | 0% |
| 2019 | 1,546,196 | 1,365,495 | 180,701 | 79.6 | 0% |
| 2020 | 3,195,141 | 1,134,513 | 2,060,628 | 124.4 | 0% |
| 2021 | 4,338,323 | 945,650 | 3,392,673 | 204.4 | 0% |
| 2022 | 12,040,496 | 1,170,577 | 10,869,919 | 246.5 | 4% |
| 2023 | 1,681,886 | 1,047,021 | 634,865 | 311.5 | 1% |
In its most recent public year (2023), this organization brought in $634,865 more than it spent. Its reserves stood at about 311.5 months of spending, up from 42.2 in 2011. Staff pay was 1% of spending. $24,536,663 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
Palomar College Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works