Kummer Institute Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 314,297,793 | 0 | 314,297,793 | — | — |
| 2021 | 39,440,010 | 3,275,762 | 36,164,248 | 1574.7 | 0% |
| 2022 | 132,804,308 | 16,495,146 | 116,309,162 | 258.0 | 0% |
| 2023 | 10,771,038 | 47,889,213 | −37,118,175 | 91.2 | 0% |
In its most recent public year (2023), this organization spent $37,118,175 more than it brought in. Its reserves stood at about 91.2 months of spending. Staff pay was 0% 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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