Lee Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,474,464 | 3,370,653 | 1,103,811 | 14.4 | 50% |
| 2021 | 3,254,955 | 3,110,313 | 144,642 | 15.7 | 51% |
| 2022 | 4,248,142 | 3,267,895 | 980,247 | 17.5 | 56% |
| 2023 | 3,192,511 | 2,914,088 | 278,423 | 20.2 | 53% |
In its most recent public year (2023), this organization brought in $278,423 more than it spent. Its reserves stood at about 20.2 months of spending, up from 14.4 in 2020. Staff pay was 53% of spending. $2,202,464 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
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