North Carolina For Quality Virtual Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — | — |
| 2013 | 0 | 0 | 0 | — | — |
| 2014 | 0 | 0 | 0 | — | — |
| 2016 | 9,129,301 | 8,898,297 | 231,004 | 0.3 | 23% |
| 2017 | 11,640,936 | 11,860,958 | −220,022 | 0.0 | 25% |
| 2018 | 14,455,832 | 13,858,591 | 597,241 | 0.5 | 26% |
| 2019 | 18,083,358 | 18,046,243 | 37,115 | 0.4 | 24% |
| 2020 | 16,097,408 | 13,979,997 | 2,117,411 | 2.4 | 34% |
| 2021 | 18,932,286 | 18,021,912 | 910,374 | 2.4 | 29% |
| 2022 | 26,567,456 | 26,378,581 | 188,875 | 1.8 | 31% |
| 2023 | 25,084,236 | 26,800,485 | −1,716,249 | 0.9 | 39% |
In its most recent public year (2023), this organization spent $1,716,249 more than it brought in. Its reserves stood at about 0.9 months of spending. Staff pay was 39% 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
North Carolina For Quality Virtual Education's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works