Faith Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 92,491 | 150,249 | −57,758 | -4.6 | 44% |
| 2011 | 308,264 | 301,232 | 7,032 | -2.0 | 57% |
| 2012 | 336,854 | 332,568 | 4,286 | -1.7 | 60% |
| 2013 | 92,491 | 150,249 | −57,758 | -4.6 | 44% |
| 2014 | 387,226 | 388,302 | −1,076 | -2.0 | 64% |
| 2015 | 298,301 | 301,102 | −2,801 | -2.7 | 68% |
| 2016 | 298,231 | 299,333 | −1,102 | -2.7 | 66% |
| 2017 | 274,178 | 276,490 | −2,312 | -3.0 | 65% |
| 2018 | 211,514 | 192,625 | 18,889 | -3.2 | 62% |
| 2019 | 208,168 | 190,757 | 17,411 | -2.1 | 57% |
| 2020 | 204,359 | 172,313 | 32,046 | -0.1 | 52% |
| 2021 | 158,709 | 175,558 | −16,849 | -1.3 | 49% |
| 2022 | 142,576 | 124,561 | 18,015 | -0.0 | 50% |
In its most recent public year (2022), this organization brought in $18,015 more than it spent. Its reserves stood at about 0 months of spending, up from -4.6 in 2010. Staff pay was 50% 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 2022. 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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