1922 Class Of The United States Naval Academy Memorial Scholarship
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,766 | 10,121 | −2,355 | 489.5 | 23% |
| 2012 | 5,504 | 10,742 | −5,238 | 455.3 | 22% |
| 2013 | −13,473 | 10,323 | −23,796 | 446.2 | 28% |
| 2014 | 44,471 | 13,599 | 30,872 | 343.1 | 23% |
| 2015 | 15,372 | 12,375 | 2,997 | 380.0 | 26% |
| 2016 | 10,235 | 11,616 | −1,381 | 403.4 | 28% |
| 2017 | 44,073 | 13,579 | 30,494 | 372.0 | 29% |
| 2018 | 19,223 | 15,463 | 3,760 | 329.6 | 27% |
| 2019 | 78,983 | 17,049 | 61,934 | 342.5 | 25% |
| 2020 | 37,964 | 17,635 | 20,329 | 344.3 | 29% |
| 2021 | 28,205 | 21,260 | 6,945 | 289.4 | 35% |
| 2022 | 14,362 | 20,167 | −5,805 | 302.0 | 37% |
| 2023 | 32,679 | 22,508 | 10,171 | 276.2 | 33% |
In its most recent public year (2023), this organization brought in $10,171 more than it spent. Its reserves stood at about 276.2 months of spending, down from 489.5 in 2011. Staff pay was 33% 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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