Miami-Dade Foundation For Educational Innovation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 832,238 | 823,415 | 8,823 | 0.1 | 59% |
| 2013 | 1,990,374 | 1,850,481 | 139,893 | 1.0 | 62% |
| 2014 | 2,483,115 | 2,136,700 | 346,415 | 2.8 | 60% |
| 2015 | 2,709,003 | 2,570,633 | 138,370 | 3.0 | 59% |
| 2016 | 3,064,802 | 2,835,212 | 229,590 | 3.7 | 59% |
| 2017 | 3,661,168 | 3,415,275 | 245,893 | 3.9 | 56% |
| 2018 | 4,319,156 | 3,961,956 | 357,200 | 4.4 | 58% |
| 2019 | 4,864,753 | 4,746,260 | 118,493 | 4.0 | 57% |
| 2020 | 5,839,306 | 5,783,426 | 55,880 | 3.4 | 62% |
| 2021 | 8,870,281 | 6,983,861 | 1,886,420 | 6.1 | 56% |
| 2022 | 7,788,974 | 8,318,424 | −529,450 | 4.3 | 55% |
| 2023 | 11,518,265 | 10,056,390 | 1,461,875 | 5.3 | 61% |
In its most recent public year (2023), this organization brought in $1,461,875 more than it spent. Its reserves stood at about 5.3 months of spending, up from 0.1 in 2012. Staff pay was 61% 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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