Vela Education Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,570,982 | 3,418,383 | 1,152,599 | 4.0 | 0% |
| 2021 | 13,247,569 | 9,974,271 | 3,273,298 | 5.3 | 3% |
| 2022 | 16,079,595 | 14,996,723 | 1,082,872 | 4.4 | 6% |
| 2023 | 18,518,008 | 13,589,002 | 4,929,006 | 9.2 | 10% |
In its most recent public year (2023), this organization brought in $4,929,006 more than it spent. Its reserves stood at about 9.2 months of spending, up from 4 in 2020. Staff pay was 10% of spending. $1,729,120 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
Vela Education Fund's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works