Merchants Exchange Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,013 | 5,510 | −2,497 | 70.6 | — |
| 2012 | 3,675 | 5,040 | −1,365 | 73.9 | — |
| 2013 | 7,302 | 3,068 | 4,234 | 138.0 | — |
| 2014 | 4,278 | 3,012 | 1,266 | 145.6 | — |
| 2015 | 2,845 | 7,036 | −4,191 | 55.2 | — |
| 2016 | 5,792 | 9,500 | −3,708 | 36.2 | — |
| 2017 | 6,392 | 9,500 | −3,108 | 32.3 | — |
| 2018 | 7,735 | 3,000 | 4,735 | 121.1 | — |
| 2019 | 6,426 | 4,000 | 2,426 | 98.1 | — |
| 2020 | 19,668 | 7,000 | 12,668 | 77.8 | — |
| 2021 | 8,234 | 7,548 | 686 | 73.2 | — |
| 2022 | 37,160 | 9,115 | 28,045 | 97.5 | — |
| 2023 | 12,322 | 8,034 | 4,288 | 117.1 | — |
In its most recent public year (2023), this organization brought in $4,288 more than it spent. Its reserves stood at about 117.1 months of spending, up from 70.6 in 2011.
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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