Virginia Foundation For Independent Colleges
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $1,505,101 | $3,321,732 | −$1,816,631 | 104.8 | 19% |
| 2021 | $2,460,865 | $3,173,484 | −$712,619 | 152.8 | 20% |
| 2022 | $1,487,532 | $3,330,627 | −$1,843,095 | 134.6 | 19% |
| 2023 | $2,321,318 | $3,465,527 | −$1,144,209 | 130.5 | 20% |
In its most recent public year (2023), this organization spent $1,144,209 more than it brought in. Its reserves stood at about 130.5 months of spending, up from 104.8 in 2020. Staff pay was 20% of spending. $12,174,422 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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