Albany Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,750,824 | 15,045,798 | 705,026 | 21.8 | 44% |
| 2012 | 16,039,339 | 16,431,046 | −391,707 | 18.9 | 43% |
| 2013 | 21,791,227 | 17,162,859 | 4,628,368 | 22.1 | 44% |
| 2014 | 20,511,925 | 17,609,941 | 2,901,984 | 24.6 | 45% |
| 2015 | 19,215,500 | 18,352,078 | 863,422 | 24.4 | 45% |
| 2016 | 19,205,301 | 18,762,500 | 442,801 | 23.9 | 45% |
| 2017 | 20,115,555 | 19,256,432 | 859,123 | 24.4 | 45% |
| 2018 | 19,811,340 | 19,955,679 | −144,339 | 24.3 | 45% |
| 2019 | 20,712,719 | 20,084,633 | 628,086 | 24.7 | 45% |
| 2020 | 22,822,883 | 19,854,981 | 2,967,902 | 26.9 | 46% |
| 2021 | 27,181,105 | 19,840,080 | 7,341,025 | 30.3 | 45% |
| 2022 | 21,184,816 | 21,687,067 | −502,251 | 24.5 | 45% |
| 2023 | 19,906,511 | 22,308,538 | −2,402,027 | 24.0 | 45% |
In its most recent public year (2023), this organization spent $2,402,027 more than it brought in. Its reserves stood at about 24 months of spending, up from 21.8 in 2011. Staff pay was 45% of spending. $30,137,280 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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