Corolla Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 35,126 | 2,364 | 32,762 | 171.4 | — |
| 2013 | 191,043 | 154,599 | 36,444 | 5.3 | — |
| 2014 | 240,308 | 166,809 | 73,499 | 10.2 | 51% |
| 2015 | 209,077 | 175,606 | 33,471 | 12.0 | 53% |
| 2016 | 302,586 | 218,129 | 84,457 | 14.3 | 55% |
| 2017 | 380,438 | 283,324 | 97,114 | 15.1 | 63% |
| 2018 | 395,393 | 335,018 | 60,375 | 14.9 | 64% |
| 2019 | 457,348 | 370,737 | 86,611 | 16.3 | 65% |
| 2020 | 474,302 | 407,797 | 66,505 | 16.8 | 66% |
| 2021 | 539,784 | 473,212 | 66,572 | 16.1 | 68% |
| 2022 | 778,806 | 512,205 | 266,601 | 21.2 | 63% |
| 2023 | 1,197,260 | 545,243 | 652,017 | 34.2 | 60% |
In its most recent public year (2023), this organization brought in $652,017 more than it spent. Its reserves stood at about 34.2 months of spending, down from 171.4 in 2012. Staff pay was 60% 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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