Pitt Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,054,257 | 1,265,605 | −211,348 | 22.3 | 62% |
| 2021 | 1,253,509 | 1,240,838 | 12,671 | 22.9 | 64% |
| 2022 | 1,175,039 | 1,374,932 | −199,893 | 18.9 | 62% |
| 2023 | 1,391,633 | 1,440,719 | −49,086 | 17.7 | 62% |
In its most recent public year (2023), this organization spent $49,086 more than it brought in. Its reserves stood at about 17.7 months of spending, down from 22.3 in 2020. Staff pay was 62% of spending. $55,325 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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