Chelsea Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 625,206 | 756,023 | −130,817 | 4.4 | 61% |
| 2013 | 812,078 | 801,903 | 10,175 | 4.3 | 64% |
| 2014 | 1,072,183 | 1,098,189 | −26,006 | 2.8 | 59% |
| 2015 | 1,177,289 | 1,200,631 | −23,342 | 2.4 | 65% |
| 2016 | 1,333,174 | 1,446,686 | −113,512 | 1.0 | 63% |
| 2017 | 1,171,232 | 254,743 | 916,489 | 56.1 | 65% |
| 2018 | 2,008,248 | 2,089,383 | −81,135 | -0.3 | 60% |
| 2019 | 1,875,997 | 1,652,320 | 223,677 | 1.2 | 69% |
| 2020 | 1,520,859 | 1,598,150 | −77,291 | 0.7 | 67% |
| 2021 | 1,915,821 | 1,511,821 | 404,000 | 3.9 | 65% |
| 2022 | 2,790,864 | 2,238,163 | 552,701 | 4.2 | 48% |
| 2023 | 2,974,291 | 3,419,646 | −445,355 | 1.2 | 45% |
In its most recent public year (2023), this organization spent $445,355 more than it brought in. Its reserves stood at about 1.2 months of spending, down from 4.4 in 2012. Staff pay was 45% 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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