Charlotte Local Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 393,840 | 384,910 | 8,930 | 101.9 | 35% |
| 2021 | 37,929 | 440,972 | −403,043 | 87.8 | 28% |
| 2022 | 257,566 | 416,274 | −158,708 | 82.3 | 39% |
| 2023 | 702,896 | 857,028 | −154,132 | 37.8 | 23% |
In its most recent public year (2023), this organization spent $154,132 more than it brought in. Its reserves stood at about 37.8 months of spending, down from 101.9 in 2020. Staff pay was 23% of spending. $2,415,253 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works