National Equity Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 34,700,961 | 50,657,342 | −15,956,381 | 6.5 | 39% |
| 2012 | 37,732,907 | 44,451,007 | −6,718,100 | 8.3 | 43% |
| 2013 | 35,745,570 | 40,865,086 | −5,119,516 | 9.8 | 44% |
| 2014 | 44,489,284 | 45,791,389 | −1,302,105 | 9.2 | 44% |
| 2015 | 55,675,713 | 52,709,587 | 2,966,126 | 8.6 | 44% |
| 2016 | 51,317,523 | 54,146,338 | −2,828,815 | 8.4 | 44% |
| 2017 | 49,385,594 | 56,345,236 | −6,959,642 | 6.9 | 45% |
| 2018 | 55,401,603 | 61,139,710 | −5,738,107 | 9.1 | 44% |
| 2019 | 52,923,109 | 68,583,075 | −15,659,966 | 8.6 | 42% |
| 2020 | 63,282,557 | 70,825,279 | −7,542,722 | 8.6 | 43% |
| 2021 | 59,533,345 | 85,349,142 | −25,815,797 | 5.6 | 42% |
| 2022 | 58,767,848 | 82,608,491 | −23,840,643 | 4.5 | 46% |
| 2023 | 85,962,936 | 90,040,711 | −4,077,775 | 4.6 | 45% |
In its most recent public year (2023), this organization spent $4,077,775 more than it brought in. Its reserves stood at about 4.6 months of spending, down from 6.5 in 2011. Staff pay was 45% 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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