The Principled Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 745,116 | 665,335 | 79,781 | 13.9 | 81% |
| 2012 | 764,194 | 751,186 | 13,008 | 11.5 | 77% |
| 2013 | 872,518 | 767,231 | 105,287 | 12.8 | 80% |
| 2014 | 807,023 | 819,588 | −12,565 | 11.8 | 78% |
| 2015 | 877,788 | 926,747 | −48,959 | 10.5 | 73% |
| 2016 | 999,882 | 1,054,281 | −54,399 | 8.5 | 71% |
| 2017 | 981,601 | 1,050,466 | −68,865 | 8.2 | 73% |
| 2018 | 1,044,210 | 948,377 | 95,833 | 10.5 | 74% |
| 2019 | 1,046,052 | 986,342 | 59,710 | 10.9 | 73% |
| 2020 | 1,156,931 | 1,027,899 | 129,032 | 11.9 | 74% |
| 2021 | 914,100 | 1,021,838 | −107,738 | 11.3 | 74% |
| 2022 | 1,191,889 | 1,216,232 | −24,343 | 8.6 | 72% |
| 2023 | 157,832 | 390,707 | −232,875 | 21.0 | 65% |
In its most recent public year (2023), this organization spent $232,875 more than it brought in. Its reserves stood at about 21 months of spending, up from 13.9 in 2011. Staff pay was 65% 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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