Michael R Mcnulty Center For Veteran Entrepreneurial Activity
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 403,692 | 236,074 | 167,618 | 9.5 | 21% |
| 2022 | 419,134 | 386,955 | 32,179 | 6.8 | 53% |
| 2023 | 429,314 | 379,068 | 50,246 | 8.5 | 56% |
In its most recent public year (2023), this organization brought in $50,246 more than it spent. Its reserves stood at about 8.5 months of spending. Staff pay was 56% 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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