Palma School Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,288,566 | 2,368 | 1,286,198 | 6517.9 | 0% |
| 2021 | 518,759 | 65,821 | 452,938 | 317.1 | 0% |
| 2022 | 587,205 | 21,388 | 565,817 | 1293.2 | 0% |
| 2023 | 292,145 | 110,227 | 181,918 | 270.7 | 0% |
In its most recent public year (2023), this organization brought in $181,918 more than it spent. Its reserves stood at about 270.7 months of spending, down from 6517.9 in 2020. Staff pay was 0% 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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