Drexel Funds
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,554,023 | 4,425,130 | 6,128,893 | 35.9 | 18% |
| 2021 | 8,522,964 | 4,211,499 | 4,311,465 | 50.0 | 16% |
In its most recent public year (2021), this organization brought in $4,311,465 more than it spent. Its reserves stood at about 50 months of spending, up from 35.9 in 2020. Staff pay was 16% 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 2021. 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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