Van Andel Research Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 88,891,678 | 94,429,770 | −5,538,092 | -20.8 | 41% |
| 2021 | 94,830,916 | 98,445,391 | −3,614,475 | -17.5 | 42% |
| 2022 | 143,778,282 | 113,718,338 | 30,059,944 | -4.7 | 41% |
| 2023 | 340,011,886 | 112,044,445 | 227,967,441 | 19.3 | 46% |
In its most recent public year (2023), this organization brought in $227,967,441 more than it spent. Its reserves stood at about 19.3 months of spending, up from -20.8 in 2020. Staff pay was 46% of spending. $6,732,164 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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