Ray School Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 37,641 | 314,691 | −277,050 | 403.7 | 0% |
| 2021 | 43,731 | 325,409 | −281,678 | 490.9 | 0% |
| 2022 | 39,735 | 361,266 | −321,531 | 359.0 | 0% |
| 2023 | 44,170 | 355,057 | −310,887 | 393.5 | 0% |
In its most recent public year (2023), this organization spent $310,887 more than it brought in. Its reserves stood at about 393.5 months of spending, down from 403.7 in 2020. Staff pay was 0% of spending. $9,515,713 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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