Spring Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,182,009 | 1,596,822 | 585,187 | 4.4 | 45% |
| 2020 | 2,277,759 | 2,272,101 | 5,658 | 3.1 | 42% |
| 2021 | 2,390,515 | 2,440,834 | −50,319 | 0.4 | 48% |
| 2022 | 3,175,628 | 3,073,740 | 101,888 | 0.7 | 52% |
In its most recent public year (2022), this organization brought in $101,888 more than it spent. Its reserves stood at about 0.7 months of spending, down from 4.4 in 2019. Staff pay was 52% of spending. $24,050 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 2022. 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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