Education Foundation Of Indian River County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 865,047 | 404,691 | 460,356 | 20.8 | 21% |
| 2021 | 493,978 | 549,032 | −55,054 | 16.4 | 16% |
| 2022 | 366,308 | 494,097 | −127,789 | 13.4 | 18% |
| 2023 | 438,310 | 699,070 | −260,760 | 4.9 | 26% |
In its most recent public year (2023), this organization spent $260,760 more than it brought in. Its reserves stood at about 4.9 months of spending, down from 20.8 in 2020. Staff pay was 26% of spending. $161,844 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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