Daniel C Palermo Scholarship Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 601 | 2,208 | −1,607 | 191.2 | — |
| 2012 | 31 | 1,214 | −1,183 | 336.1 | — |
| 2013 | 1,233 | 1,214 | 19 | 336.3 | — |
| 2014 | 8 | 1,215 | −1,207 | 324.1 | — |
| 2015 | 3 | 1,119 | −1,116 | 339.9 | — |
| 2016 | 853 | 1,071 | −218 | 352.7 | — |
| 2017 | 3 | 2,071 | −2,068 | 170.4 | — |
| 2018 | 3 | 2,081 | −2,078 | 157.6 | — |
| 2019 | 3 | 2,071 | −2,068 | 146.4 | — |
In its most recent public year (2019), this organization spent $2,068 more than it brought in. Its reserves stood at about 146.4 months of spending, down from 191.2 in 2011.
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 2019. 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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