Virginia Student Aid Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,751,906 | 40,679,471 | −10,927,565 | 30.6 | 3% |
| 2012 | 25,131,127 | 40,222,923 | −15,091,796 | 28.9 | 3% |
| 2013 | 21,744,951 | 34,226,263 | −12,481,312 | 33.4 | 1% |
| 2014 | 30,015,341 | 30,855,053 | −839,712 | 39.9 | 6% |
| 2015 | 31,426,147 | 31,502,990 | −76,843 | 40.5 | 6% |
| 2016 | 32,880,655 | 31,692,025 | 1,188,630 | 42.1 | 6% |
| 2017 | 41,217,764 | 39,234,285 | 1,983,479 | 37.6 | 5% |
| 2018 | 31,579,829 | 39,338,894 | −7,759,065 | 35.2 | 5% |
| 2019 | 51,488,327 | 36,817,271 | 14,671,056 | 46.0 | 6% |
| 2020 | 33,369,688 | 48,755,916 | −15,386,228 | 35.8 | 4% |
| 2021 | 45,876,846 | 40,287,970 | 5,588,876 | 48.6 | 5% |
| 2022 | 45,190,995 | 45,531,068 | −340,073 | 40.1 | 5% |
| 2023 | 59,716,708 | 48,928,927 | 10,787,781 | 41.0 | 6% |
In its most recent public year (2023), this organization brought in $10,787,781 more than it spent. Its reserves stood at about 41 months of spending, up from 30.6 in 2011. Staff pay was 6% of spending. $150,606,839 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
Virginia Student Aid Foundation's IRS filings as a feed — one entry per filing year, through 2023. 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