Reed Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 91,012,750 | 93,341,833 | −2,329,083 | 61.2 | 2% |
| 2012 | 113,962,256 | 108,040,978 | 5,921,278 | 55.4 | 31% |
| 2013 | 102,874,929 | 102,321,130 | 553,799 | 63.4 | 35% |
| 2014 | 107,238,816 | 107,860,597 | −621,781 | 68.1 | 34% |
| 2015 | 117,547,758 | 111,132,906 | 6,414,852 | 66.2 | 34% |
| 2016 | 143,688,293 | 120,729,420 | 22,958,873 | 57.1 | 32% |
| 2017 | 104,356,342 | 119,453,363 | −15,097,021 | 62.1 | 34% |
| 2018 | 116,460,019 | 121,951,143 | −5,491,124 | 64.5 | 35% |
| 2019 | 138,047,561 | 131,652,934 | 6,394,627 | 60.1 | 33% |
| 2020 | 130,106,013 | 135,687,187 | −5,581,174 | 58.3 | 33% |
| 2021 | 135,489,826 | 129,618,956 | 5,870,870 | 80.2 | 33% |
| 2022 | 184,823,009 | 146,361,428 | 38,461,581 | 68.0 | 31% |
| 2023 | 150,353,460 | 152,129,700 | −1,776,240 | 68.1 | 31% |
In its most recent public year (2023), this organization spent $1,776,240 more than it brought in. Its reserves stood at about 68.1 months of spending, up from 61.2 in 2011. Staff pay was 31% of spending. $395,778,486 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
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