Elkin Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,448,291 | 20,071 | 1,428,220 | 863.4 | 0% |
| 2021 | 81,062 | 108,442 | −27,380 | 156.8 | 0% |
| 2022 | 111,598 | 71,133 | 40,465 | 245.8 | 0% |
| 2023 | 45,327 | 72,461 | −27,134 | 236.8 | 0% |
| 2024 | 433,077 | 137,404 | 295,673 | 150.7 | 0% |
In its most recent public year (2024), this organization brought in $295,673 more than it spent. Its reserves stood at about 150.7 months of spending, down from 863.4 in 2020. Staff pay was 0% 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 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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