Foundation For Medical Excellence
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 860,328 | 667,664 | 192,664 | 63.9 | 29% |
| 2021 | 350,531 | 513,337 | −162,806 | 86.0 | 28% |
| 2022 | 562,962 | 865,556 | −302,594 | 40.0 | 19% |
| 2023 | 1,048,374 | 1,169,380 | −121,006 | 30.8 | 15% |
In its most recent public year (2023), this organization spent $121,006 more than it brought in. Its reserves stood at about 30.8 months of spending, down from 63.9 in 2020. Staff pay was 15% of spending. $704,287 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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