Local First Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 81,798 | 61,528 | 20,270 | 5.5 | — |
| 2012 | 194,844 | 194,975 | −131 | 1.7 | — |
| 2013 | 227,838 | 155,803 | 72,035 | 7.7 | 61% |
| 2014 | 117,042 | 194,914 | −77,872 | 1.7 | 0% |
| 2015 | 298,625 | 275,278 | 23,347 | 2.3 | 0% |
| 2016 | 267,965 | 271,252 | −3,287 | 2.1 | 0% |
| 2017 | 381,570 | 338,938 | 42,632 | 3.2 | 0% |
| 2018 | 255,954 | 274,281 | −18,327 | 3.2 | 0% |
| 2019 | 528,507 | 378,132 | 150,375 | 7.1 | 0% |
| 2020 | 421,645 | 351,421 | 70,224 | 10.0 | 0% |
| 2021 | 224,548 | 298,028 | −73,480 | 8.8 | 0% |
| 2022 | 389,138 | 397,308 | −8,170 | 6.4 | 0% |
| 2023 | 506,027 | 657,928 | −151,901 | 1.1 | 0% |
In its most recent public year (2023), this organization spent $151,901 more than it brought in. Its reserves stood at about 1.1 months of spending, down from 5.5 in 2011. Staff pay was 0% of spending.
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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