Palmetto Academy For Learning Motorsports Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 1,528,600 | 1,551,816 | −23,216 | -0.5 | 54% |
| 2018 | 1,666,190 | 1,618,768 | 47,422 | -0.1 | 59% |
| 2019 | 1,736,987 | 1,890,485 | −153,498 | -1.0 | 52% |
| 2020 | 2,303,569 | 2,483,990 | −180,421 | -1.7 | 43% |
| 2021 | 2,932,770 | 2,617,211 | 315,559 | -0.1 | 48% |
| 2022 | 3,296,295 | 2,735,941 | 560,354 | 2.3 | 54% |
| 2023 | 3,021,585 | 2,791,676 | 229,909 | 3.3 | 52% |
In its most recent public year (2023), this organization brought in $229,909 more than it spent. Its reserves stood at about 3.3 months of spending, up from -0.5 in 2017. Staff pay was 52% 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
Palmetto Academy For Learning Motorsports Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works