Frederick L Ray Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 376,775 | 357,978 | 18,797 | 273.4 | 21% |
| 2021 | 554,813 | 412,032 | 142,781 | 273.0 | 20% |
| 2022 | 1,717,303 | 398,992 | 1,318,311 | 287.9 | 21% |
| 2023 | −345,631 | 396,092 | −741,723 | 271.2 | 20% |
In its most recent public year (2023), this organization spent $741,723 more than it brought in. Its reserves stood at about 271.2 months of spending, down from 273.4 in 2020. Staff pay was 20% 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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