Mare Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 67,741 | 43,174 | 24,567 | 18.6 | 0% |
| 2023 | 69,622 | 49,531 | 20,091 | 21.1 | 0% |
| 2024 | 67,721 | 65,671 | 2,050 | 30.6 | 0% |
In its most recent public year (2024), this organization brought in $2,050 more than it spent. Its reserves stood at about 30.6 months of spending, up from 18.6 in 2022. 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 2024. 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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