Armstrong County Educational Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 315,063 | 273,143 | 41,920 | 26.8 | 39% |
| 2013 | 211,853 | 285,276 | −73,423 | 23.8 | 38% |
| 2014 | 244,418 | 265,464 | −21,046 | 26.8 | 41% |
| 2015 | 228,543 | 251,433 | −22,890 | 27.2 | 37% |
| 2016 | 244,353 | 288,893 | −44,540 | 20.2 | 31% |
| 2017 | 255,142 | 241,828 | 13,314 | 24.8 | 42% |
| 2018 | 258,898 | 226,388 | 32,510 | 29.3 | 42% |
| 2019 | 298,176 | 242,333 | 55,843 | 29.5 | 31% |
| 2020 | 271,893 | 194,590 | 77,303 | 40.7 | 40% |
| 2021 | 418,362 | 228,119 | 190,243 | 44.7 | 34% |
| 2022 | 355,606 | 300,532 | 55,074 | 32.9 | 42% |
| 2023 | 322,688 | 390,618 | −67,930 | 23.2 | 35% |
In its most recent public year (2023), this organization spent $67,930 more than it brought in. Its reserves stood at about 23.2 months of spending, down from 26.8 in 2012. Staff pay was 35% of spending. $234,380 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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