Arete Scholars Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,809,136 | 5,835,851 | −26,715 | 1.9 | 5% |
| 2013 | 6,274,556 | 4,668,212 | 1,606,344 | 6.5 | 7% |
| 2014 | 3,320,385 | 3,972,086 | −651,701 | 5.7 | 8% |
| 2015 | 3,498,981 | 1,685,418 | 1,813,563 | 26.4 | 16% |
| 2016 | 4,943,966 | 2,319,421 | 2,624,545 | 32.7 | 13% |
| 2017 | 5,239,311 | 3,368,500 | 1,870,811 | 29.2 | 7% |
| 2018 | 4,174,109 | 4,258,885 | −84,776 | 22.9 | 6% |
| 2019 | 4,243,343 | 4,246,243 | −2,900 | 22.9 | 7% |
| 2020 | 4,599,543 | 4,085,589 | 513,954 | 25.3 | 8% |
| 2021 | 4,355,145 | 4,538,562 | −183,417 | 22.3 | 6% |
| 2022 | 5,894,748 | 4,728,675 | 1,166,073 | 24.4 | 6% |
| 2023 | 6,176,961 | 5,500,936 | 676,025 | 22.4 | 5% |
In its most recent public year (2023), this organization brought in $676,025 more than it spent. Its reserves stood at about 22.4 months of spending, up from 1.9 in 2012. Staff pay was 5% of spending. $9,989,938 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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