Newport Elementary School Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 179,085 | 118,718 | 60,367 | 11.4 | — |
| 2021 | 77,425 | 137,800 | −60,375 | 4.5 | — |
| 2022 | 125,310 | 74,032 | 51,278 | 16.7 | — |
| 2023 | 164,944 | 100,886 | 64,058 | 19.9 | 0% |
In its most recent public year (2023), this organization brought in $64,058 more than it spent. Its reserves stood at about 19.9 months of spending, up from 11.4 in 2020. Staff pay was 0% 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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