Richmond Academy Of Medicine Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 340,008 | 140,447 | 199,561 | 17.2 | 0% |
| 2015 | 130,120 | 250,685 | −120,565 | 3.9 | 0% |
| 2016 | 248,225 | 220,084 | 28,141 | 6.0 | 0% |
| 2017 | 252,673 | 206,796 | 45,877 | 9.0 | 0% |
| 2018 | 300,735 | 224,079 | 76,656 | 12.4 | 0% |
| 2019 | 284,966 | 235,143 | 49,823 | 14.4 | 0% |
| 2020 | 147,406 | 411,424 | −264,018 | 0.5 | 0% |
| 2021 | 25,258 | 5,738 | 19,520 | 78.0 | 0% |
| 2022 | 83,611 | 304 | 83,307 | 4880.0 | 0% |
| 2023 | 150,238 | 234,159 | −83,921 | 2.0 | 0% |
In its most recent public year (2023), this organization spent $83,921 more than it brought in. Its reserves stood at about 2 months of spending, down from 17.2 in 2014. Staff pay was 0% of spending. $17,998 of its net assets are donor-restricted.
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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