Educate Maine
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,324,808 | 1,405,912 | −81,104 | 11.1 | 31% |
| 2021 | 852,659 | 1,120,357 | −267,698 | 11.1 | 42% |
| 2022 | 1,542,987 | 1,701,737 | −158,750 | 6.2 | 36% |
| 2023 | 2,165,035 | 2,268,982 | −103,947 | 4.1 | 35% |
In its most recent public year (2023), this organization spent $103,947 more than it brought in. Its reserves stood at about 4.1 months of spending, down from 11.1 in 2020. Staff pay was 35% of spending. $105,000 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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