Foundation For Advanced Continuing Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 108,330 | 152,118 | −43,788 | 9.0 | — |
| 2021 | 42,264 | 45,609 | −3,345 | 29.2 | — |
| 2022 | 176,652 | 90,741 | 85,911 | 26.1 | — |
| 2023 | 176,225 | 231,091 | −54,866 | 7.4 | — |
In its most recent public year (2023), this organization spent $54,866 more than it brought in. Its reserves stood at about 7.4 months of spending, down from 9 in 2020.
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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