Vel Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 93,424 | 64,525 | 28,899 | 7.4 | — |
| 2019 | 60,694 | 69,668 | −8,974 | 5.3 | — |
| 2020 | 23,919 | 20,284 | 3,635 | 20.4 | — |
| 2021 | 35,444 | 14,229 | 21,215 | 47.0 | — |
| 2022 | 22,952 | 19,998 | 2,954 | 35.2 | — |
In its most recent public year (2022), this organization brought in $2,954 more than it spent. Its reserves stood at about 35.2 months of spending, up from 7.4 in 2018.
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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