Qualtex Laboratories
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 100,212,945 | 95,455,604 | 4,757,341 | 2.4 | 11% |
| 2012 | 111,596,430 | 105,291,348 | 6,305,082 | 2.9 | 11% |
| 2013 | 125,053,850 | 115,507,044 | 9,546,806 | 3.7 | 11% |
| 2014 | 145,891,120 | 132,539,721 | 13,351,399 | 4.4 | 10% |
| 2015 | 122,296,019 | 123,143,019 | −847,000 | 4.6 | 11% |
| 2016 | 111,702,198 | 114,254,115 | −2,551,917 | 4.7 | 11% |
| 2017 | 122,886,469 | 122,893,881 | −7,412 | 4.6 | 11% |
| 2018 | 130,131,643 | 128,827,119 | 1,304,524 | 4.4 | 11% |
| 2019 | 140,908,903 | 138,991,509 | 1,917,394 | 4.4 | 10% |
| 2020 | 107,676,474 | 109,968,479 | −2,292,005 | 5.5 | 11% |
| 2021 | 123,906,915 | 122,688,808 | 1,218,107 | 5.1 | 9% |
| 2022 | 127,110,342 | 119,273,306 | 7,837,036 | 6.0 | 9% |
| 2023 | 129,431,734 | 111,646,134 | 17,785,600 | 8.2 | 10% |
In its most recent public year (2023), this organization brought in $17,785,600 more than it spent. Its reserves stood at about 8.2 months of spending, up from 2.4 in 2011. Staff pay was 10% 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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