Kennedy Management Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 957,505 | 1,634,128 | −676,623 | 1.0 | 15% |
| 2021 | 2,721,768 | 2,030,636 | 691,132 | 4.9 | 15% |
| 2022 | 2,999,889 | 3,634,170 | −634,281 | 0.6 | 11% |
| 2023 | 2,280,903 | 3,480,794 | −1,199,891 | -3.5 | 12% |
In its most recent public year (2023), this organization spent $1,199,891 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.5 months), down from 1 in 2020. Staff pay was 12% 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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