Arete Preparatory Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,073,950 | 5,070,823 | 3,127 | 3.1 | 51% |
| 2021 | 5,480,856 | 5,443,494 | 37,362 | 3.1 | 51% |
| 2022 | 5,873,907 | 5,707,325 | 166,582 | 3.1 | 50% |
| 2023 | 6,772,885 | 6,491,735 | 281,150 | 3.3 | 50% |
In its most recent public year (2023), this organization brought in $281,150 more than it spent. Its reserves stood at about 3.3 months of spending. Staff pay was 50% 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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