Pharos Academy Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,681,688 | 12,731,993 | −50,305 | 6.4 | 54% |
| 2021 | 14,570,250 | 13,246,839 | 1,323,411 | 7.5 | 55% |
| 2022 | 15,346,301 | 15,191,103 | 155,198 | 6.6 | 54% |
| 2023 | 16,183,655 | 16,054,018 | 129,637 | 6.3 | 49% |
In its most recent public year (2023), this organization brought in $129,637 more than it spent. Its reserves stood at about 6.3 months of spending. Staff pay was 49% 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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