Foundations In Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 355,040 | 36,758 | 318,282 | 103.9 | 0% |
| 2017 | 6,287,271 | 5,030,146 | 1,257,125 | 3.7 | 2% |
| 2018 | 9,460,447 | 3,129,478 | 6,330,969 | 30.3 | 8% |
| 2019 | 12,146,064 | 4,690,676 | 7,455,388 | 39.3 | 7% |
| 2020 | 5,817,272 | 5,023,515 | 793,757 | 66.5 | 7% |
| 2021 | 7,774,687 | 7,638,169 | 136,518 | 50.6 | 5% |
| 2022 | 11,526,982 | 5,853,047 | 5,673,935 | 67.8 | 6% |
| 2023 | 7,032,652 | 6,118,695 | 913,957 | 72.2 | 6% |
In its most recent public year (2023), this organization brought in $913,957 more than it spent. Its reserves stood at about 72.2 months of spending, down from 103.9 in 2016. Staff pay was 6% of spending. $34,572,787 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 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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