Socrates Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 3,943,396 | 4,036,191 | −92,795 | 3.0 | 53% |
| 2013 | 4,757,175 | 4,673,530 | 83,645 | 2.8 | 55% |
| 2014 | 5,161,537 | 5,116,529 | 45,008 | 2.7 | 50% |
| 2015 | 5,183,298 | 5,050,327 | 132,971 | 1.0 | 51% |
| 2016 | 5,449,592 | 5,327,911 | 121,681 | 1.2 | 53% |
| 2017 | 5,692,582 | 5,774,125 | −81,543 | 1.0 | 51% |
| 2018 | 5,826,634 | 6,483,153 | −656,519 | -13.3 | 50% |
| 2019 | 6,287,499 | 6,377,494 | −89,995 | -13.7 | 54% |
| 2020 | 6,940,900 | 7,026,557 | −85,657 | -12.6 | 52% |
| 2021 | 7,974,700 | 6,690,430 | 1,284,270 | -10.9 | 51% |
| 2022 | 8,884,634 | 7,493,020 | 1,391,614 | -7.5 | 58% |
| 2023 | 9,329,665 | 8,606,495 | 723,170 | -5.6 | 55% |
In its most recent public year (2023), this organization brought in $723,170 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-5.6 months), down from 3 in 2012. Staff pay was 55% 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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