Spero Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,597,817 | 8,471,331 | 126,486 | -2.1 | 48% |
| 2021 | 8,619,763 | 8,433,047 | 186,716 | -2.9 | 51% |
| 2022 | 9,958,889 | 9,882,062 | 76,827 | -2.7 | 49% |
| 2023 | 16,018,761 | 15,808,305 | 210,456 | -1.5 | 46% |
In its most recent public year (2023), this organization brought in $210,456 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.5 months). Staff pay was 46% of spending.
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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