Spence School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 98,731,514 | 34,840,209 | 63,891,305 | 79.7 | 46% |
| 2012 | 42,665,258 | 37,186,387 | 5,478,871 | 74.8 | 46% |
| 2013 | 66,670,049 | 40,067,332 | 26,602,717 | 79.6 | 45% |
| 2014 | 45,123,504 | 42,312,175 | 2,811,329 | 77.8 | 45% |
| 2015 | 47,146,607 | 44,245,570 | 2,901,037 | 75.0 | 45% |
| 2016 | 62,130,727 | 46,462,110 | 15,668,617 | 74.2 | 46% |
| 2017 | 56,939,554 | 48,704,672 | 8,234,882 | 71.6 | 47% |
| 2018 | 54,352,113 | 51,308,707 | 3,043,406 | 68.6 | 46% |
| 2019 | 49,945,595 | 52,538,876 | −2,593,281 | 66.9 | 47% |
| 2020 | 72,675,705 | 52,850,040 | 19,825,665 | 70.8 | 50% |
| 2021 | 72,977,566 | 58,803,465 | 14,174,101 | 71.1 | 47% |
| 2022 | 63,085,145 | 64,088,012 | −1,002,867 | 62.6 | 45% |
| 2023 | 58,057,667 | 68,272,073 | −10,214,406 | 57.6 | 46% |
In its most recent public year (2023), this organization spent $10,214,406 more than it brought in. Its reserves stood at about 57.6 months of spending, down from 79.7 in 2011. Staff pay was 46% of spending. $132,825,330 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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