Mance E & Fay Phillips Drummond Endowment Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 133,884 | 99,320 | 34,564 | 210.4 | 7% |
| 2020 | 132,017 | 95,358 | 36,659 | 224.4 | 7% |
| 2021 | 288,200 | 318,771 | −30,571 | 66.0 | 2% |
| 2022 | 66,345 | 54,442 | 11,903 | 388.9 | 13% |
| 2023 | 70,068 | 65,777 | 4,291 | 322.7 | 10% |
In its most recent public year (2023), this organization brought in $4,291 more than it spent. Its reserves stood at about 322.7 months of spending, up from 210.4 in 2019. Staff pay was 10% 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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