Economic Mobility Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,529,461 | 617,992 | 1,911,469 | 70.7 | 76% |
| 2021 | 375,425 | 606,699 | −231,274 | 67.5 | 73% |
| 2022 | 403,005 | 530,615 | −127,610 | 74.3 | 66% |
| 2023 | 1,895,977 | 673,035 | 1,222,942 | 63.9 | 69% |
In its most recent public year (2023), this organization brought in $1,222,942 more than it spent. Its reserves stood at about 63.9 months of spending, down from 70.7 in 2020. Staff pay was 69% of spending. $3,124,776 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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