North Carolina Legal Education Assistance Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 681,323 | 738,612 | −57,289 | 4.8 | 7% |
| 2013 | 561,031 | 601,723 | −40,692 | 5.1 | 16% |
| 2014 | 357,502 | 364,681 | −7,179 | 12.3 | 16% |
| 2015 | 385,041 | 431,991 | −46,950 | 9.1 | 13% |
| 2016 | 324,599 | 385,749 | −61,150 | 8.3 | 14% |
| 2017 | 329,023 | 371,086 | −42,063 | 7.3 | 15% |
| 2018 | 361,363 | 369,832 | −8,469 | 7.0 | 15% |
| 2019 | 427,441 | 441,985 | −14,544 | 5.5 | 10% |
| 2020 | 392,700 | 398,798 | −6,098 | 5.9 | 9% |
| 2021 | 141,967 | 145,272 | −3,305 | 15.9 | 27% |
| 2022 | 690,104 | 239,099 | 451,005 | 32.3 | 26% |
| 2023 | 660,410 | 234,779 | 425,631 | 55.0 | 38% |
In its most recent public year (2023), this organization brought in $425,631 more than it spent. Its reserves stood at about 55 months of spending, up from 4.8 in 2012. Staff pay was 38% of spending. $979,338 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
North Carolina Legal Education Assistance 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