Bedford Va Research Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 529,543 | 508,645 | 20,898 | 2.1 | 15% |
| 2021 | 719,802 | 657,317 | 62,485 | 2.8 | 22% |
| 2022 | 922,454 | 628,649 | 293,805 | 10.4 | 35% |
| 2023 | 892,569 | 931,195 | −38,626 | 6.5 | 38% |
In its most recent public year (2023), this organization spent $38,626 more than it brought in. Its reserves stood at about 6.5 months of spending, up from 2.1 in 2020. Staff pay was 38% of spending. $132,565 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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