Chance Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 84,280 | 76,935 | 7,345 | 5.4 | — |
| 2012 | 80,121 | 97,246 | −17,125 | 2.1 | — |
| 2013 | 71,605 | 85,856 | −14,251 | 0.4 | — |
| 2014 | 522,193 | 279,589 | 242,604 | 10.3 | 45% |
| 2015 | 558,130 | 564,402 | −6,272 | 5.0 | 53% |
| 2016 | 839,398 | 671,526 | 167,872 | 6.7 | 65% |
| 2017 | 173,764 | 403,098 | −229,334 | 4.3 | 72% |
| 2018 | 850,693 | 722,508 | 128,185 | 4.5 | 65% |
| 2019 | 629,336 | 831,201 | −201,865 | 1.0 | 68% |
| 2020 | 926,515 | 913,580 | 12,935 | 1.1 | 64% |
| 2021 | 2,306,904 | 1,076,814 | 1,230,090 | 14.6 | 79% |
| 2022 | 1,663,380 | 1,475,816 | 187,564 | 12.2 | 68% |
| 2023 | 995,828 | 1,677,119 | −681,291 | 5.9 | 66% |
In its most recent public year (2023), this organization spent $681,291 more than it brought in. Its reserves stood at about 5.9 months of spending. Staff pay was 66% of spending. $110,287 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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