V M I Research Laboratories
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,132,928 | 1,018,853 | 114,075 | 9.6 | 42% |
| 2022 | 2,417,352 | 2,214,267 | 203,085 | 5.3 | 34% |
| 2023 | 2,414,533 | 2,644,048 | −229,515 | 3.6 | 35% |
In its most recent public year (2023), this organization spent $229,515 more than it brought in. Its reserves stood at about 3.6 months of spending, down from 9.6 in 2021. Staff pay was 35% of spending. $182,687 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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