Philips Academy Of North Carolina Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 589,087 | 529,211 | 59,876 | 2.5 | 64% |
| 2013 | 570,848 | 513,973 | 56,875 | 3.9 | 66% |
| 2014 | 671,366 | 566,825 | 104,541 | 5.7 | 65% |
| 2015 | 681,060 | 586,631 | 94,429 | 7.5 | 65% |
| 2016 | 785,494 | 650,818 | 134,676 | 11.5 | 63% |
| 2017 | 919,055 | 780,867 | 138,188 | 11.7 | 64% |
| 2018 | 1,929,988 | 788,833 | 1,141,155 | 28.9 | 62% |
| 2019 | 1,573,922 | 984,805 | 589,117 | 30.4 | 60% |
| 2020 | 1,222,606 | 1,214,440 | 8,166 | 24.8 | 62% |
| 2021 | 1,713,692 | 1,247,724 | 465,968 | 28.7 | 56% |
| 2022 | 2,463,422 | 1,489,918 | 973,504 | 31.2 | 61% |
| 2023 | 1,808,354 | 1,704,744 | 103,610 | 27.5 | 65% |
| 2024 | 3,665,074 | 2,003,193 | 1,661,881 | 33.3 | 65% |
In its most recent public year (2024), this organization brought in $1,661,881 more than it spent. Its reserves stood at about 33.3 months of spending, up from 2.5 in 2012. Staff pay was 65% of spending. $2,869,909 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 2024. 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
Philips Academy Of North Carolina Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works