Massachusetts Elks Scholarship Inc
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $2,319,070 | $560,429 | $1,758,641 | 258.1 | 11% |
| 2022 | $1,043,534 | $491,147 | $552,387 | 267.8 | 0% |
| 2023 | $967,571 | $456,020 | $511,551 | 279.8 | 0% |
| 2024 | $1,195,943 | $503,664 | $692,279 | 281.8 | 8% |
In its most recent public year (2024), this organization brought in $692,279 more than it spent. Its reserves stood at about 281.8 months of spending, up from 258.1 in 2021. Staff pay was 8% of spending. $9,997,808 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 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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