Quest Scholars Program
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 2,314,329 | 1,953,511 | 360,818 | 10.7 | 45% |
| 2011 | 2,644,676 | 2,362,304 | 282,372 | 10.3 | 41% |
| 2012 | 3,086,635 | 2,369,819 | 716,816 | 13.9 | 43% |
| 2013 | 3,095,723 | 2,704,116 | 391,607 | 13.9 | 39% |
| 2014 | 3,647,239 | 3,026,528 | 620,711 | 14.9 | 44% |
| 2015 | 4,371,206 | 3,182,762 | 1,188,444 | 18.6 | 49% |
| 2016 | 15,057,150 | 4,330,113 | 10,727,037 | 43.4 | 42% |
| 2017 | 5,317,087 | 5,161,668 | 155,419 | 36.8 | 45% |
| 2018 | 5,911,026 | 5,576,364 | 334,662 | 34.8 | 44% |
| 2019 | 6,122,870 | 8,115,878 | −1,993,008 | 20.9 | 31% |
| 2020 | 7,411,725 | 5,228,505 | 2,183,220 | 37.5 | 47% |
| 2021 | 9,171,706 | 6,569,062 | 2,602,644 | 33.4 | 48% |
| 2022 | 9,373,048 | 8,434,811 | 938,237 | 27.6 | 45% |
| 2023 | 11,308,024 | 10,251,525 | 1,056,499 | 24.5 | 52% |
In its most recent public year (2023), this organization brought in $1,056,499 more than it spent. Its reserves stood at about 24.5 months of spending, up from 10.7 in 2010. Staff pay was 52% of spending. $462,132 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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