Sylvia Woods- Josephine Wyatt & Clarice Durham Memorial Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 109,580 | 58,393 | 51,187 | 16.0 | — |
| 2022 | 129,357 | 132,099 | −2,742 | 6.8 | — |
| 2023 | 63,945 | 93,935 | −29,990 | 5.8 | — |
In its most recent public year (2023), this organization spent $29,990 more than it brought in. Its reserves stood at about 5.8 months of spending, down from 16 in 2021.
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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