Michael Reese Research And Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,535,579 | 1,621,967 | −86,388 | 31.6 | 46% |
| 2012 | 1,884,408 | 2,698,474 | −814,066 | 16.9 | 18% |
| 2013 | 1,948,674 | 1,813,145 | 135,529 | 31.0 | 30% |
| 2014 | 2,822,866 | 1,942,566 | 880,300 | 33.5 | 23% |
| 2015 | 2,125,009 | 2,119,223 | 5,786 | 33.9 | 22% |
| 2016 | 2,638,531 | 1,909,477 | 729,054 | 42.4 | 5% |
| 2017 | 3,176,215 | 3,067,715 | 108,500 | 29.6 | 13% |
| 2018 | 3,402,120 | 3,118,738 | 283,382 | 43.8 | 14% |
| 2019 | 2,862,420 | 2,817,342 | 45,078 | 49.5 | 16% |
| 2020 | 2,629,756 | 2,289,517 | 340,239 | 93.2 | 20% |
| 2021 | 3,650,987 | 4,465,099 | −814,112 | 59.6 | 11% |
| 2022 | 2,875,263 | 3,224,652 | −349,389 | 42.6 | 15% |
| 2023 | 2,475,281 | 2,717,002 | −241,721 | 56.3 | 19% |
In its most recent public year (2023), this organization spent $241,721 more than it brought in. Its reserves stood at about 56.3 months of spending, up from 31.6 in 2011. Staff pay was 19% of spending. $382,533 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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