National Association Of Veterans Research And Education Foundations
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 654,954 | 671,399 | −16,445 | 21.7 | 66% |
| 2021 | 862,245 | 613,179 | 249,066 | 28.7 | 63% |
| 2022 | 746,809 | 913,452 | −166,643 | 14.3 | 37% |
| 2023 | 793,553 | 905,632 | −112,079 | 13.8 | 40% |
In its most recent public year (2023), this organization spent $112,079 more than it brought in. Its reserves stood at about 13.8 months of spending, down from 21.7 in 2020. Staff pay was 40% of spending. $60,000 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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