Faculty Practice Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 22,594,902 | 33,365,641 | −10,770,739 | 2.1 | 28% |
| 2021 | 45,984,440 | 47,615,907 | −1,631,467 | 4.6 | 61% |
| 2022 | 13,798,440 | 35,064,017 | −21,265,577 | 3.1 | 42% |
| 2023 | 16,064,448 | 29,679,789 | −13,615,341 | 4.2 | 60% |
In its most recent public year (2023), this organization spent $13,615,341 more than it brought in. Its reserves stood at about 4.2 months of spending, up from 2.1 in 2020. Staff pay was 60% 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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