Foundation To Advance Catholic Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 641,466 | 670,477 | −29,011 | 51.0 | 6% |
| 2012 | 632,554 | 647,919 | −15,365 | 97.7 | 6% |
| 2013 | 595,311 | 611,829 | −16,518 | 103.4 | 6% |
| 2014 | 555,278 | 605,884 | −50,606 | 103.9 | 0% |
| 2015 | 624,674 | 742,571 | −117,897 | 84.8 | 0% |
| 2016 | 2,811,026 | 801,916 | 2,009,110 | 111.1 | 0% |
| 2017 | 4,957,583 | 1,072,330 | 3,885,253 | 125.8 | 0% |
| 2018 | 1,102,915 | 2,125,109 | −1,022,194 | 56.3 | 0% |
| 2019 | 876,155 | 2,348,670 | −1,472,515 | 45.2 | 0% |
| 2020 | 1,006,410 | 2,110,180 | −1,103,770 | 44.8 | 0% |
| 2021 | 1,856,086 | 2,057,591 | −201,505 | 50.5 | 0% |
| 2022 | 1,465,233 | 1,685,307 | −220,074 | 50.4 | 0% |
| 2023 | 1,508,145 | 1,557,320 | −49,175 | 59.5 | 0% |
| 2024 | 1,283,656 | 1,700,256 | −416,600 | 56.3 | 0% |
In its most recent public year (2024), this organization spent $416,600 more than it brought in. Its reserves stood at about 56.3 months of spending, up from 51 in 2011. Staff pay was 0% of spending. $5,348,621 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 2024. 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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