Quality Education Institute Of Durham Inc Q E I D
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 285,169 | 140,600 | 144,569 | 0.6 | — |
| 2013 | 401,860 | 327,820 | 74,040 | 0.2 | — |
| 2014 | 572,000 | 396,885 | 175,115 | 0.2 | — |
| 2015 | 205,343 | 216,143 | −10,800 | 1.7 | 0% |
| 2016 | 757,059 | 716,882 | 40,177 | 1.2 | 74% |
| 2017 | 890,396 | 781,038 | 109,358 | 2.8 | 73% |
| 2018 | 1,048,599 | 1,047,305 | 1,294 | 2.1 | 69% |
| 2019 | 1,063,465 | 1,121,055 | −57,590 | 1.3 | 71% |
In its most recent public year (2019), this organization spent $57,590 more than it brought in. Its reserves stood at about 1.3 months of spending. Staff pay was 71% of spending.
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 2019. 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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