Quality Education For Minorities Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,232,803 | 1,247,957 | −15,154 | 4.0 | 35% |
| 2021 | 1,267,758 | 1,336,082 | −68,324 | 4.2 | 35% |
| 2022 | 1,642,803 | 1,451,036 | 191,767 | 4.9 | 34% |
| 2023 | 2,617,854 | 2,137,610 | 480,244 | 6.1 | 35% |
In its most recent public year (2023), this organization brought in $480,244 more than it spent. Its reserves stood at about 6.1 months of spending, up from 4 in 2020. Staff pay was 35% of spending. $499,428 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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