Virginia Education Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,670,167 | 10,580,486 | 2,089,681 | 11.8 | 44% |
| 2021 | 14,278,542 | 11,747,403 | 2,531,139 | 21.8 | 47% |
| 2022 | 13,675,231 | 14,473,184 | −797,953 | 14.5 | 44% |
| 2023 | 13,788,971 | 14,798,852 | −1,009,881 | 15.7 | 46% |
In its most recent public year (2023), this organization spent $1,009,881 more than it brought in. Its reserves stood at about 15.7 months of spending, up from 11.8 in 2020. Staff pay was 46% of spending. $1,726,395 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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