State College Area School District Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 475,555 | 418,614 | 56,941 | 19.0 | 0% |
| 2021 | 1,075,295 | 335,326 | 739,969 | 50.2 | 0% |
| 2022 | 296,541 | 400,355 | −103,814 | 38.9 | 18% |
| 2023 | 400,038 | 431,350 | −31,312 | 35.3 | 17% |
In its most recent public year (2023), this organization spent $31,312 more than it brought in. Its reserves stood at about 35.3 months of spending, up from 19 in 2020. Staff pay was 17% of spending. $1,262,917 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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