Torrance Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,153,540 | 1,565,589 | −412,049 | 6.6 | 25% |
| 2012 | 1,294,492 | 1,249,574 | 44,918 | 8.8 | 43% |
| 2013 | 1,061,839 | 1,166,173 | −104,334 | 8.4 | 32% |
| 2014 | 1,118,262 | 1,213,872 | −95,610 | 7.2 | 33% |
| 2015 | 1,162,406 | 1,086,014 | 76,392 | 8.8 | 39% |
| 2016 | 1,177,732 | 1,174,138 | 3,594 | 8.3 | 45% |
| 2017 | 1,083,421 | 1,169,791 | −86,370 | 7.5 | 48% |
| 2018 | 1,215,818 | 1,254,584 | −38,766 | 6.5 | 40% |
| 2019 | 1,182,425 | 1,311,790 | −129,365 | 5.0 | 32% |
| 2020 | 1,121,508 | 862,603 | 258,905 | 11.1 | 38% |
| 2021 | 933,400 | 707,031 | 226,369 | 17.5 | 38% |
| 2022 | 847,115 | 754,879 | 92,236 | 17.9 | 22% |
| 2023 | 848,755 | 712,862 | 135,893 | 21.2 | 32% |
In its most recent public year (2023), this organization brought in $135,893 more than it spent. Its reserves stood at about 21.2 months of spending, up from 6.6 in 2011. Staff pay was 32% of spending. $113,932 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
Torrance Education Foundation's IRS filings as a feed — one entry per filing year, through 2023. 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