Schermco Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 50,750 | 2,485 | 48,265 | 233.1 | — |
| 2021 | 114,099 | 65,069 | 49,030 | 17.9 | — |
| 2022 | 120,375 | 33,341 | 87,034 | 66.3 | — |
| 2023 | 245,546 | 159,917 | 85,629 | 20.3 | 35% |
In its most recent public year (2023), this organization brought in $85,629 more than it spent. Its reserves stood at about 20.3 months of spending, down from 233.1 in 2020. Staff pay was 35% 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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