R Merle Palmer Minority Scholarship Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 302,633 | 321,615 | −18,982 | 9.4 | 29% |
| 2012 | 287,172 | 312,411 | −25,239 | 8.7 | 31% |
| 2013 | 289,313 | 327,044 | −37,731 | 7.0 | 28% |
| 2014 | 684,282 | 645,458 | 38,824 | 4.3 | 11% |
| 2015 | 422,955 | 381,154 | 41,801 | 8.6 | 32% |
| 2016 | 626,002 | 562,477 | 63,525 | 7.2 | 30% |
| 2017 | 583,201 | 604,246 | −21,045 | 19.5 | 39% |
| 2018 | 674,611 | 640,996 | 33,615 | 20.2 | 38% |
| 2019 | 736,473 | 704,009 | 32,464 | 19.3 | 39% |
| 2020 | 1,045,328 | 911,987 | 133,341 | 17.4 | 45% |
| 2021 | 1,138,687 | 849,173 | 289,514 | 26.0 | 44% |
| 2022 | 1,443,994 | 1,359,309 | 84,685 | 15.7 | 48% |
| 2023 | 1,445,016 | 1,605,662 | −160,646 | 12.4 | 46% |
In its most recent public year (2023), this organization spent $160,646 more than it brought in. Its reserves stood at about 12.4 months of spending, up from 9.4 in 2011. Staff pay was 46% of spending. $788,601 of its net assets are donor-restricted.
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
R Merle Palmer Minority Scholarship Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works