BAFFLER FOUNDATION INC
Mission Statement
NOW HERE’S A TALE TO BUOY YOU through our time of sinking expectations. The Baffler Foundation Inc. is a tax-exempt organization incorporated “to promote art, science, and education by publishing a literary magazine.” We employ a core staff of editors, designers, and researchers to work in subject areas that have been largely abandoned by universities, foundations, business, and government. Together we produce not only The Baffler magazine in print and digital editions, but also books, a daily blog, and symposia, lectures, and events around the country. Yes, we also have tote bags. Give us your support and help us grow the Foundation the right way, building the legacy of the magazine that’s been blunting the cutting edge since 1988. Please consider making a tax-deductible donation to The Baffler Foundation, right here on this page. Thank you!
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
70.2% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.6% | 14.4% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.2% | 5.4% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.7 mo | 16.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
81.5% | 10.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
85.2% | 74.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-2.2% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-4.0% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.1% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.5M | $2.4M | $144K | 70.2% | 12 |
| 2023 | $2.5M | $2.5M | $-123,191 | 69.1% | 12 |
| 2022 | $2.4M | $2.6M | $-212,273 | 60.1% | 13 |
| 2021 | $2.2M | $2.2M | N/A | — | 12 |
| 2020 | $2.1M | $2.1M | N/A | — | 13 |
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