Qmc School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 58,720 | 12,559 | 46,161 | 58.1 | — |
| 2020 | 78,755 | 118,916 | −40,161 | 0.9 | — |
| 2021 | 132,439 | 106,213 | 26,226 | 4.0 | — |
| 2022 | 126,435 | 177,304 | −50,869 | -1.1 | — |
| 2023 | 62,560 | 65,244 | −2,684 | -3.3 | — |
In its most recent public year (2023), this organization spent $2,684 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.3 months), down from 58.1 in 2019.
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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