Merito Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 56,409 | 57,156 | −747 | 0.7 | — |
| 2016 | 169,192 | 151,568 | 17,624 | 1.7 | — |
| 2017 | 195,984 | 175,024 | 20,960 | 2.9 | — |
| 2018 | 140,192 | 171,472 | −31,280 | 0.7 | — |
| 2019 | 175,154 | 177,298 | −2,144 | 0.6 | — |
| 2020 | 150,604 | 171,855 | −21,251 | -0.9 | — |
| 2021 | 297,409 | 210,707 | 86,702 | 4.2 | 54% |
| 2022 | 322,200 | 310,141 | 12,059 | 3.3 | 48% |
| 2023 | 413,304 | 382,252 | 31,052 | 3.7 | 52% |
In its most recent public year (2023), this organization brought in $31,052 more than it spent. Its reserves stood at about 3.7 months of spending, up from 0.7 in 2015. Staff pay was 52% 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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