Melrose High School Permanent Scholarship Fund Organization
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 338,084 | 396,279 | −58,195 | 233.5 | 3% |
| 2021 | 516,436 | 424,424 | 92,012 | 267.9 | 2% |
| 2022 | 430,231 | 337,455 | 92,776 | 341.4 | 7% |
| 2023 | 638,167 | 545,264 | 92,903 | 205.2 | 5% |
In its most recent public year (2023), this organization brought in $92,903 more than it spent. Its reserves stood at about 205.2 months of spending, down from 233.5 in 2020. Staff pay was 5% of spending. $3,955,463 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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