Texas Medical Center Venture Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 20,932 | 105,177 | −84,245 | -9.6 | 56% |
| 2019 | 315,650 | 239,468 | 76,182 | 73.8 | 55% |
| 2020 | 396,316 | 739,556 | −343,240 | 58.1 | 13% |
| 2021 | 1,210,068 | 684,103 | 525,965 | 286.2 | 41% |
| 2022 | 706,960 | 542,029 | 164,931 | 436.2 | 46% |
| 2023 | 126,414 | 371,911 | −245,497 | 568.5 | 62% |
In its most recent public year (2023), this organization spent $245,497 more than it brought in. Its reserves stood at about 568.5 months of spending, up from -9.6 in 2018. Staff pay was 62% 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
Texas Medical Center Venture Fund's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works