Bank Of Amercia Retiree Group Benefits Program
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 154,405,777 | 202,965,890 | −48,560,113 | 14.9 | 0% |
| 2019 | 163,245,651 | 216,393,287 | −53,147,636 | 11.0 | 0% |
| 2020 | 175,941,523 | 230,776,064 | −54,834,541 | 7.5 | 0% |
| 2021 | 197,895,743 | 223,979,700 | −26,083,957 | 6.3 | 0% |
| 2022 | 208,432,444 | 218,861,752 | −10,429,308 | 5.9 | 0% |
| 2023 | 198,807,855 | 208,461,598 | −9,653,743 | 5.6 | 0% |
In its most recent public year (2023), this organization spent $9,653,743 more than it brought in. Its reserves stood at about 5.6 months of spending, down from 14.9 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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