Elgin Charter School Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 365,545 | 207,029 | 158,516 | 8.9 | 60% |
| 2019 | 2,857,896 | 2,599,448 | 258,448 | 1.9 | 44% |
| 2020 | 3,453,051 | 3,390,926 | 62,125 | 1.7 | 43% |
| 2021 | 6,777,954 | 3,911,948 | 2,866,006 | 10.0 | 45% |
| 2022 | 5,817,869 | 5,501,310 | 316,559 | 7.8 | 44% |
| 2023 | 6,526,637 | 6,687,299 | −160,662 | 6.1 | 47% |
| 2024 | 7,577,320 | 8,072,515 | −495,195 | 3.7 | 46% |
In its most recent public year (2024), this organization spent $495,195 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 8.9 in 2018. Staff pay was 46% of spending. $10,482 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
Elgin Charter School Initiative's IRS filings as a feed — one entry per filing year, through 2024. 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