Long Beach Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 955,704 | 893,791 | 61,913 | 32.5 | 0% |
| 2021 | 1,206,563 | 838,680 | 367,883 | 39.9 | 0% |
| 2022 | 1,338,378 | 1,141,270 | 197,108 | 31.4 | 0% |
| 2023 | 1,546,762 | 2,791,234 | −1,244,472 | 7.5 | 0% |
In its most recent public year (2023), this organization spent $1,244,472 more than it brought in. Its reserves stood at about 7.5 months of spending, down from 32.5 in 2020. Staff pay was 0% of spending. $1,478,122 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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