Phi Chi Medical Fraternity Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 4,683 | 508 | 4,175 | 20414.8 | 0% |
| 2020 | 534 | 23,965 | −23,431 | 416.0 | 0% |
| 2021 | 489 | 21,132 | −20,643 | 460.0 | 0% |
| 2022 | 74,415 | 26,243 | 48,172 | 392.4 | 0% |
| 2023 | −84,356 | 13,288 | −97,644 | 686.9 | 0% |
In its most recent public year (2023), this organization spent $97,644 more than it brought in. Its reserves stood at about 686.9 months of spending, down from 20414.8 in 2018. Staff pay was 0% of spending.
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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