Edward Charles Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 62,427 | 75,933 | −13,506 | 4.9 | — |
| 2012 | 266,250 | 168,091 | 98,159 | 9.2 | 0% |
| 2013 | 1,206,498 | 1,067,818 | 138,680 | 3.0 | 0% |
| 2014 | 1,790,132 | 1,317,622 | 472,510 | 6.7 | 3% |
| 2015 | 4,721,486 | 2,990,063 | 1,731,423 | 10.0 | 18% |
| 2016 | 4,664,713 | 5,410,754 | −746,041 | 4.0 | 16% |
| 2017 | 7,534,515 | 6,439,930 | 1,094,585 | 6.3 | 9% |
| 2018 | 13,927,442 | 8,734,203 | 5,193,239 | 11.2 | 6% |
| 2019 | 13,285,448 | 17,433,013 | −4,147,565 | 2.5 | 6% |
| 2020 | 10,864,095 | 9,247,976 | 1,616,119 | 6.9 | 6% |
| 2021 | 51,576,473 | 21,043,937 | 30,532,536 | 20.6 | 3% |
| 2022 | 41,333,882 | 54,883,321 | −13,549,439 | 4.6 | 2% |
| 2023 | 39,861,685 | 26,012,334 | 13,849,351 | 15.7 | 12% |
| 2024 | 66,506,474 | 52,303,147 | 14,203,327 | 10.3 | 8% |
In its most recent public year (2024), this organization brought in $14,203,327 more than it spent. Its reserves stood at about 10.3 months of spending, up from 4.9 in 2011. Staff pay was 8% of spending. $43,467,537 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 2024. 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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