Baltimore Research & Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,003,382 | 2,634,190 | 369,192 | 19.2 | 63% |
| 2021 | 5,050,843 | 4,052,194 | 998,649 | 15.3 | 41% |
| 2022 | 8,554,401 | 5,665,032 | 2,889,369 | 16.8 | 31% |
| 2023 | 6,994,061 | 4,659,379 | 2,334,682 | 26.6 | 41% |
In its most recent public year (2023), this organization brought in $2,334,682 more than it spent. Its reserves stood at about 26.6 months of spending, up from 19.2 in 2020. Staff pay was 41% of spending. $293,793 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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