Texas Medical Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,372,447 | 6,372,447 | 0 | -49.8 | 45% |
| 2021 | 1,852,240 | 1,755,740 | 96,500 | -180.0 | 46% |
| 2022 | 2,562,983 | 2,091,483 | 471,500 | -148.4 | 23% |
| 2023 | 3,181,575 | 3,005,649 | 175,926 | -102.6 | 52% |
In its most recent public year (2023), this organization brought in $175,926 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-102.6 months), down from -49.8 in 2020. Staff pay was 52% 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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