Reed Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,754,638 | 4,850,429 | −95,791 | 14.4 | 65% |
| 2021 | 5,120,068 | 4,715,206 | 404,862 | 15.9 | 66% |
| 2022 | 5,212,305 | 5,038,084 | 174,221 | 10.9 | 66% |
| 2023 | 6,326,181 | 6,213,941 | 112,240 | 8.9 | 63% |
In its most recent public year (2023), this organization brought in $112,240 more than it spent. Its reserves stood at about 8.9 months of spending, down from 14.4 in 2020. Staff pay was 63% of spending. $164,637 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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