Palmetto Academy Of Learning And Success Inc
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $3,033,991 | $3,417,719 | −$383,728 | -17.6 | 38% |
| 2021 | $3,364,375 | $3,163,668 | $200,707 | -19.1 | 39% |
| 2022 | $3,491,617 | $3,562,602 | −$70,985 | -17.5 | 37% |
| 2023 | $3,665,203 | $4,004,294 | −$339,091 | -16.3 | 36% |
In its most recent public year (2023), this organization spent $339,091 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-16.3 months), up from -17.6 in 2020. Staff pay was 36% 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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