Davis Memorial Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,634,576 | 4,966,113 | 668,463 | 3.7 | 2% |
| 2021 | 8,909,359 | 7,353,941 | 1,555,418 | 5.1 | 1% |
| 2022 | 9,164,115 | 9,812,803 | −648,688 | 3.0 | 2% |
In its most recent public year (2022), this organization spent $648,688 more than it brought in. Its reserves stood at about 3 months of spending. Staff pay was 2% 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 2022. 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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