Phi Mu Fraternity
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,348,226 | 1,233,034 | 115,192 | 43.6 | 20% |
| 2020 | 322,901 | 1,012,196 | −689,295 | 44.9 | 23% |
| 2021 | 1,320,820 | 1,108,607 | 212,213 | 43.3 | 20% |
| 2022 | 2,672,031 | 1,635,762 | 1,036,269 | 36.9 | 16% |
| 2023 | 1,091,941 | 1,840,007 | −748,066 | 27.7 | 15% |
In its most recent public year (2023), this organization spent $748,066 more than it brought in. Its reserves stood at about 27.7 months of spending, down from 43.6 in 2019. Staff pay was 15% 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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