Equal Chance For Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 458,171 | 548,701 | −90,530 | 7.7 | 7% |
| 2021 | 1,649,948 | 1,627,473 | 22,475 | 3.2 | 10% |
| 2022 | 1,797,877 | 1,830,352 | −32,475 | 1.0 | 10% |
| 2023 | 2,020,161 | 1,815,980 | 204,181 | 2.3 | 8% |
In its most recent public year (2023), this organization brought in $204,181 more than it spent. Its reserves stood at about 2.3 months of spending, down from 7.7 in 2019. Staff pay was 8% 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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