Virginia New Majority Education Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 5,968,172 | 5,356,428 | 611,744 | 1.9 | 78% |
| 2017 | 3,416,617 | 3,705,952 | −289,335 | 1.8 | 61% |
| 2018 | 3,489,936 | 3,183,625 | 306,311 | 3.3 | 54% |
| 2019 | 4,466,118 | 3,638,229 | 827,889 | 5.6 | 49% |
| 2020 | 7,204,947 | 4,645,296 | 2,559,651 | 11.0 | 43% |
| 2021 | 5,450,055 | 8,361,792 | −2,911,737 | 1.9 | 40% |
| 2022 | 6,398,902 | 6,218,596 | 180,306 | 2.9 | 58% |
In its most recent public year (2022), this organization brought in $180,306 more than it spent. Its reserves stood at about 2.9 months of spending. Staff pay was 58% 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 2022. 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
Virginia New Majority Education Fund's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works