Porterville Schools Improvement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,336,693 | 2,627,341 | 1,709,352 | 67.8 | 0% |
| 2021 | 4,415,346 | 2,680,743 | 1,734,603 | 74.2 | 0% |
| 2022 | 5,502,269 | 3,835,202 | 1,667,067 | 57.1 | 0% |
| 2023 | 3,680,089 | 1,812,500 | 1,867,589 | 133.1 | 0% |
In its most recent public year (2023), this organization brought in $1,867,589 more than it spent. Its reserves stood at about 133.1 months of spending, up from 67.8 in 2020. Staff pay was 0% of spending. $20,110,109 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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