Montgomery S T E P Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 218,679 | 186,411 | 32,268 | 4.0 | 82% |
| 2021 | 203,737 | 188,718 | 15,019 | 4.9 | 80% |
| 2022 | 238,182 | 199,195 | 38,987 | 7.0 | 75% |
| 2023 | 279,294 | 202,982 | 76,312 | 11.3 | 74% |
In its most recent public year (2023), this organization brought in $76,312 more than it spent. Its reserves stood at about 11.3 months of spending, up from 4 in 2020. Staff pay was 74% 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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