Michael Lynch Memorial Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 758,986 | 399,170 | 359,816 | 45.2 | 0% |
| 2012 | 859,685 | 489,327 | 370,358 | 45.9 | 0% |
| 2013 | 377,249 | 536,163 | −158,914 | 38.4 | 0% |
| 2014 | 417,112 | 582,729 | −165,617 | 31.9 | 0% |
| 2015 | 0 | 0 | 0 | — | — |
| 2016 | 209,583 | 499,287 | −289,704 | 26.7 | 0% |
| 2017 | 61,555 | 365,979 | −304,424 | 26.5 | 0% |
| 2018 | 48,239 | 315,011 | −266,772 | 20.6 | 0% |
| 2019 | 22,904 | 224,426 | −201,522 | 18.2 | 0% |
| 2020 | 471 | 138,513 | −138,042 | 17.5 | 0% |
| 2021 | 8 | 174,083 | −174,075 | 1.9 | 0% |
| 2022 | 7,503 | 18,409 | −10,906 | 10.7 | 0% |
In its most recent public year (2022), this organization spent $10,906 more than it brought in. Its reserves stood at about 10.7 months of spending, down from 45.2 in 2011. Staff pay was 0% of spending.
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 2022. 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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