Memphis Fourth Estate Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 7,026,563 | 2,180,384 | 4,846,179 | 26.7 | 49% |
| 2019 | 3,486,773 | 4,849,691 | −1,362,918 | 8.6 | 57% |
| 2020 | 2,890,536 | 4,952,213 | −2,061,677 | 3.4 | 64% |
| 2021 | 5,585,999 | 5,144,887 | 441,112 | 4.3 | 53% |
| 2022 | 6,376,256 | 5,533,426 | 842,830 | 5.9 | 61% |
| 2023 | 4,790,206 | 5,895,681 | −1,105,475 | 3.3 | 36% |
In its most recent public year (2023), this organization spent $1,105,475 more than it brought in. Its reserves stood at about 3.3 months of spending, down from 26.7 in 2018. Staff pay was 36% of spending. $820,000 of its net assets are donor-restricted.
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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