Palacios Marine Agricultural Research Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 705,291 | 109,625 | 595,666 | 65.2 | 0% |
| 2021 | 3,231,140 | 840,681 | 2,390,459 | 42.6 | 29% |
| 2022 | 2,484,282 | 1,377,601 | 1,106,681 | 34.7 | 46% |
| 2023 | 2,640,699 | 2,834,423 | −193,724 | 16.7 | 31% |
In its most recent public year (2023), this organization spent $193,724 more than it brought in. Its reserves stood at about 16.7 months of spending, down from 65.2 in 2020. Staff pay was 31% 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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