Foundations Of Medical Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,850 | 3,559 | 2,291 | 7.7 | — |
| 2021 | 29,900 | 4,490 | 25,410 | 74.0 | — |
| 2022 | 25,020 | 34,018 | −8,998 | 6.6 | — |
| 2023 | 54,054 | 38,267 | 15,787 | 10.8 | — |
| 2024 | 56,772 | 57,907 | −1,135 | 6.9 | — |
In its most recent public year (2024), this organization spent $1,135 more than it brought in. Its reserves stood at about 6.9 months 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 2024. 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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