Kwong Kow Chinese School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 678,607 | 732,198 | −53,591 | 76.5 | 59% |
| 2021 | 810,025 | 762,149 | 47,876 | 76.8 | 62% |
| 2022 | 1,415,744 | 924,831 | 490,913 | 66.9 | 60% |
| 2023 | 1,533,737 | 1,181,415 | 352,322 | 56.9 | 58% |
In its most recent public year (2023), this organization brought in $352,322 more than it spent. Its reserves stood at about 56.9 months of spending, down from 76.5 in 2020. Staff pay was 58% 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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