Chime Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 129,633 | 113,131 | 16,502 | 22.9 | 0% |
| 2012 | 156,068 | 93,565 | 62,503 | 35.7 | 0% |
| 2013 | 67,361 | 63,700 | 3,661 | 53.1 | 0% |
| 2014 | 66,950 | 112,917 | −45,967 | 25.1 | 0% |
| 2015 | 407,278 | 156,515 | 250,763 | 35.6 | 0% |
| 2016 | 425,758 | 230,306 | 195,452 | 35.8 | 0% |
| 2017 | 620,724 | 247,142 | 373,582 | 54.6 | 0% |
| 2018 | 270,345 | 160,177 | 110,168 | 92.5 | 0% |
| 2019 | 206,397 | 255,547 | −49,150 | 54.4 | 0% |
| 2020 | 102,018 | 274,235 | −172,217 | 43.7 | 13% |
| 2021 | 171,533 | 331,709 | −160,176 | 38.8 | 10% |
| 2022 | 518,216 | 479,560 | 38,656 | 21.1 | 37% |
| 2023 | 289,579 | 428,099 | −138,520 | 22.9 | 67% |
In its most recent public year (2023), this organization spent $138,520 more than it brought in. Its reserves stood at about 22.9 months of spending. Staff pay was 67% of spending. $276,313 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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