Charles Drew Memorial Scholarship Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 62,291 | 44,024 | 18,267 | 59.2 | — |
| 2022 | 59,277 | 81,329 | −22,052 | 35.1 | 0% |
| 2023 | 70,491 | 72,182 | −1,691 | 39.9 | 0% |
In its most recent public year (2023), this organization spent $1,691 more than it brought in. Its reserves stood at about 39.9 months of spending, down from 59.2 in 2020. Staff pay was 0% of spending.
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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