Gloucester Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 355,559 | 280,245 | 75,314 | 17.3 | 0% |
| 2013 | 392,934 | 335,597 | 57,337 | 16.5 | 12% |
| 2014 | 286,300 | 331,420 | −45,120 | 15.2 | 15% |
| 2015 | 565,766 | 340,780 | 224,986 | 22.9 | 15% |
| 2016 | 385,021 | 574,933 | −189,912 | 9.6 | 9% |
| 2017 | 728,297 | 693,650 | 34,647 | 8.6 | 10% |
| 2018 | 870,621 | 292,544 | 578,077 | 44.0 | 27% |
| 2019 | 1,012,716 | 414,805 | 597,911 | 48.3 | 21% |
| 2020 | 973,732 | 443,098 | 530,634 | 55.0 | 20% |
| 2021 | 611,176 | 466,604 | 144,572 | 65.3 | 18% |
| 2022 | 687,103 | 510,996 | 176,107 | 62.9 | 15% |
| 2023 | 44,930 | 73,103 | −28,173 | 426.0 | 26% |
In its most recent public year (2023), this organization spent $28,173 more than it brought in. Its reserves stood at about 426 months of spending, up from 17.3 in 2012. Staff pay was 26% of spending. $356,607 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
Gloucester Education Foundation Inc'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