Quality Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 547,839 | 422,506 | 125,333 | 3.6 | 25% |
| 2023 | 1,918,498 | 535,831 | 1,382,667 | 103.1 | 32% |
In its most recent public year (2023), this organization brought in $1,382,667 more than it spent. Its reserves stood at about 103.1 months of spending, up from 3.6 in 2019. Staff pay was 32% 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 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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