The Merchants Fund Of Philadelphia
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,417,216 | 1,120,471 | 296,745 | 194.1 | 19% |
| 2022 | 540,760 | 1,100,033 | −559,273 | 155.9 | 19% |
| 2023 | 1,632,137 | 1,771,946 | −139,809 | 109.9 | 14% |
In its most recent public year (2023), this organization spent $139,809 more than it brought in. Its reserves stood at about 109.9 months of spending, down from 194.1 in 2021. Staff pay was 14% of spending. $7,617,735 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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