Choc Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 49,013,658 | 47,474,394 | 1,539,264 | 9.0 | 5% |
| 2012 | 21,241,227 | 20,743,867 | 497,360 | 21.5 | 9% |
| 2013 | 50,618,370 | 26,736,635 | 23,881,735 | 27.1 | 8% |
| 2014 | 31,212,193 | 21,903,335 | 9,308,858 | 39.7 | 12% |
| 2015 | 27,726,816 | 23,593,535 | 4,133,281 | 38.3 | 11% |
| 2016 | 24,384,092 | 31,134,665 | −6,750,573 | 26.1 | 9% |
| 2017 | 30,388,256 | 37,904,682 | −7,516,426 | 19.6 | 11% |
| 2018 | 40,270,971 | 26,547,216 | 13,723,755 | 32.3 | 18% |
| 2019 | 38,548,517 | 37,293,955 | 1,254,562 | 23.9 | 15% |
| 2020 | 51,294,493 | 37,830,963 | 13,463,530 | 28.0 | 17% |
| 2021 | 39,351,091 | 33,083,025 | 6,268,066 | 36.9 | 19% |
| 2022 | 45,604,611 | 40,192,612 | 5,411,999 | 29.3 | 17% |
| 2023 | 41,796,921 | 39,270,421 | 2,526,500 | 32.1 | 2% |
In its most recent public year (2023), this organization brought in $2,526,500 more than it spent. Its reserves stood at about 32.1 months of spending, up from 9 in 2011. Staff pay was 2% of spending. $82,292,351 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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