Homestead Christian Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 933,319 | 731,970 | 201,349 | 8.0 | 54% |
| 2021 | 1,053,122 | 824,246 | 228,876 | 10.4 | 52% |
| 2022 | 911,616 | 1,035,116 | −123,500 | 6.9 | 47% |
| 2023 | 1,203,350 | 1,160,222 | 43,128 | 6.6 | 48% |
In its most recent public year (2023), this organization brought in $43,128 more than it spent. Its reserves stood at about 6.6 months of spending, down from 8 in 2020. Staff pay was 48% 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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