Progressive Maryland Eduction Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 532,505 | 476,830 | 55,675 | 0.9 | 83% |
| 2021 | 518,696 | 512,874 | 5,822 | -0.2 | 63% |
| 2022 | 2,258,839 | 985,995 | 1,272,844 | 15.4 | 62% |
| 2023 | 1,446,055 | 1,332,808 | 113,247 | 13.3 | 49% |
In its most recent public year (2023), this organization brought in $113,247 more than it spent. Its reserves stood at about 13.3 months of spending, up from 0.9 in 2020. Staff pay was 49% of spending. $616,607 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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