Association Of Financial Educators
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 578,463 | 582,124 | −3,661 | 1.5 | 18% |
| 2021 | 618,847 | 513,699 | 105,148 | 4.2 | 22% |
| 2022 | 475,399 | 744,501 | −269,102 | -5.7 | 27% |
| 2023 | 545,180 | 602,579 | −57,399 | -8.1 | 12% |
In its most recent public year (2023), this organization spent $57,399 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.1 months), down from 1.5 in 2020. Staff pay was 12% 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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