Montclair Kimberly Academy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 50,825,172 | 44,307,593 | 6,517,579 | 16.7 | 45% |
| 2021 | 53,739,455 | 43,909,436 | 9,830,019 | 21.4 | 45% |
| 2022 | 51,589,426 | 46,541,061 | 5,048,365 | 19.6 | 45% |
| 2023 | 53,487,855 | 49,131,523 | 4,356,332 | 20.2 | 45% |
In its most recent public year (2023), this organization brought in $4,356,332 more than it spent. Its reserves stood at about 20.2 months of spending, up from 16.7 in 2020. Staff pay was 45% of spending. $13,364,703 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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