Spring Lake Educational Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 49 | 18,970 | −18,921 | 12.5 | — |
| 2021 | 1,000 | 4,939 | −3,939 | 38.4 | — |
| 2022 | 13,458 | 17,673 | −4,215 | 7.9 | — |
| 2023 | 1 | 941 | −940 | 135.9 | — |
In its most recent public year (2023), this organization spent $940 more than it brought in. Its reserves stood at about 135.9 months of spending, up from 12.5 in 2020.
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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