Spencertown Academy Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 249,368 | 131,450 | 117,918 | 75.3 | 20% |
| 2021 | 210,266 | 132,100 | 78,166 | 83.3 | 20% |
| 2022 | 246,988 | 230,406 | 16,582 | 48.2 | 16% |
| 2023 | 259,460 | 224,339 | 35,121 | 58.9 | 21% |
In its most recent public year (2023), this organization brought in $35,121 more than it spent. Its reserves stood at about 58.9 months of spending, down from 75.3 in 2020. Staff pay was 21% of spending. $307,094 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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