Richmond Academy Of Medicine Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 872,260 | 742,925 | 129,335 | 42.8 | 38% |
| 2012 | 1,055,240 | 883,228 | 172,012 | 40.4 | 44% |
| 2013 | 1,041,880 | 930,792 | 111,088 | 43.2 | 44% |
| 2014 | 1,078,852 | 1,034,471 | 44,381 | 39.9 | 42% |
| 2015 | 1,148,971 | 1,196,458 | −47,487 | 32.6 | 35% |
| 2016 | 1,140,996 | 1,011,679 | 129,317 | 41.8 | 46% |
| 2017 | 1,360,860 | 1,137,346 | 223,514 | 42.1 | 44% |
| 2018 | 1,375,400 | 1,165,530 | 209,870 | 40.6 | 45% |
| 2019 | 1,372,002 | 1,207,392 | 164,610 | 45.5 | 46% |
| 2020 | 1,223,541 | 1,160,934 | 62,607 | 50.5 | 45% |
| 2021 | 2,333,231 | 1,139,925 | 1,193,306 | 67.8 | 49% |
| 2022 | 1,220,549 | 1,316,077 | −95,528 | 52.3 | 48% |
| 2023 | 1,232,175 | 1,146,315 | 85,860 | 64.6 | 54% |
In its most recent public year (2023), this organization brought in $85,860 more than it spent. Its reserves stood at about 64.6 months of spending, up from 42.8 in 2011. Staff pay was 54% 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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