Friends Of The Rio Grande Valley Reef
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 195,768 | 27,250 | 168,518 | 85.7 | — |
| 2017 | 319,316 | 344,215 | −24,899 | 5.9 | 0% |
| 2018 | 721,966 | 466,781 | 255,185 | 10.9 | 0% |
| 2019 | 284,100 | 355,704 | −71,604 | 11.9 | 0% |
| 2020 | 1,500,638 | 944,547 | 556,091 | 11.6 | 0% |
| 2021 | 354,993 | 1,125,304 | −770,311 | 1.5 | 29% |
| 2022 | 1,192,515 | 580,858 | 611,657 | 15.5 | 38% |
In its most recent public year (2022), this organization brought in $611,657 more than it spent. Its reserves stood at about 15.5 months of spending, down from 85.7 in 2016. Staff pay was 38% 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 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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