Edchoice Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,110,345 | 7,288,262 | 822,083 | 29.5 | 35% |
| 2021 | 10,117,129 | 9,471,479 | 645,650 | 25.1 | 30% |
| 2022 | 14,301,333 | 10,969,512 | 3,331,821 | 22.2 | 28% |
| 2023 | 10,637,137 | 12,995,333 | −2,358,196 | 17.7 | 28% |
In its most recent public year (2023), this organization spent $2,358,196 more than it brought in. Its reserves stood at about 17.7 months of spending, down from 29.5 in 2020. Staff pay was 28% of spending. $1,146,389 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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