Choice Academies Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,692,502 | 2,430,701 | 261,801 | 2.4 | 53% |
| 2012 | 3,533,229 | 3,185,764 | 347,465 | 3.1 | 50% |
| 2013 | 4,776,746 | 4,719,841 | 56,905 | 2.3 | 46% |
| 2014 | 6,704,486 | 6,328,695 | 375,791 | 2.4 | 46% |
| 2015 | 7,417,167 | 7,150,148 | 267,019 | 2.6 | 46% |
| 2016 | 7,895,308 | 7,794,046 | 101,262 | 2.5 | 47% |
| 2017 | 8,534,659 | 8,391,930 | 142,729 | 2.5 | 49% |
| 2018 | 7,810,720 | 8,282,576 | −471,856 | 1.9 | 1% |
| 2019 | 7,432,390 | 7,964,625 | −532,235 | 1.4 | 51% |
| 2020 | 7,150,966 | 6,470,647 | 680,319 | 2.9 | 54% |
| 2021 | 5,821,300 | 5,891,494 | −70,194 | 3.1 | 54% |
| 2022 | 7,018,767 | 6,656,526 | 362,241 | 3.4 | 54% |
| 2023 | 8,153,698 | 7,462,001 | 691,697 | 4.1 | 52% |
In its most recent public year (2023), this organization brought in $691,697 more than it spent. Its reserves stood at about 4.1 months of spending, up from 2.4 in 2011. Staff pay was 52% of spending. $6,746 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 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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