Spivak Educational Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 1,278,698 | 1,010,462 | 268,236 | 3.2 | 71% |
| 2020 | 1,404,518 | 1,210,703 | 193,815 | 4.5 | 72% |
| 2021 | 1,591,010 | 1,334,924 | 256,086 | 6.3 | 71% |
In its most recent public year (2021), this organization brought in $256,086 more than it spent. Its reserves stood at about 6.3 months of spending, up from 3.2 in 2016. Staff pay was 71% of spending.
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 2021. 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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