Emilio Nares Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,263,821 | 1,195,477 | 68,344 | 7.5 | 56% |
| 2021 | 1,340,458 | 1,233,938 | 106,520 | 8.3 | 56% |
| 2022 | 1,217,933 | 1,394,723 | −176,790 | 5.8 | 54% |
| 2023 | 985,048 | 1,110,086 | −125,038 | 6.0 | 60% |
In its most recent public year (2023), this organization spent $125,038 more than it brought in. Its reserves stood at about 6 months of spending, down from 7.5 in 2020. Staff pay was 60% 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 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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