Trustees Of Newark Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 26,546,823 | 19,496,772 | 7,050,051 | 25.2 | 46% |
| 2013 | 24,093,337 | 20,632,596 | 3,460,741 | 27.8 | 45% |
| 2014 | 26,005,838 | 22,138,163 | 3,867,675 | 29.8 | 43% |
| 2015 | 27,123,078 | 23,239,421 | 3,883,657 | 30.8 | 43% |
| 2016 | 28,676,467 | 23,978,947 | 4,697,520 | 32.1 | 43% |
| 2017 | 32,065,096 | 26,046,590 | 6,018,506 | 32.8 | 42% |
| 2018 | 32,802,512 | 27,325,198 | 5,477,314 | 34.2 | 43% |
| 2019 | 32,355,899 | 28,141,651 | 4,214,248 | 34.7 | 43% |
| 2020 | 33,048,464 | 29,555,148 | 3,493,316 | 34.0 | 44% |
| 2021 | 35,913,632 | 31,830,675 | 4,082,957 | 35.7 | 43% |
| 2022 | 41,225,502 | 30,603,331 | 10,622,171 | 36.5 | 46% |
| 2023 | 40,038,806 | 36,594,725 | 3,444,081 | 32.7 | 42% |
In its most recent public year (2023), this organization brought in $3,444,081 more than it spent. Its reserves stood at about 32.7 months of spending, up from 25.2 in 2012. Staff pay was 42% of spending. $41,903,368 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
Trustees Of Newark Academy's IRS filings as a feed — one entry per filing year, through 2023. 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