Independent Schools Corporate Tax Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 295,001 | 262,342 | 32,659 | 1.5 | 0% |
| 2012 | 550,036 | 345,786 | 204,250 | 8.2 | 0% |
| 2013 | 1,101,856 | 480,234 | 621,622 | 21.5 | 0% |
| 2014 | 532,016 | 999,116 | −467,100 | 4.7 | 0% |
| 2015 | 1,501,727 | 915,562 | 586,165 | 12.8 | 0% |
| 2016 | 1,351,563 | 913,248 | 438,315 | 18.6 | 0% |
| 2017 | 1,184,482 | 1,923,822 | −739,340 | 4.3 | 0% |
| 2018 | 866,149 | 851,079 | 15,070 | 9.9 | 0% |
| 2019 | 899,158 | 608,760 | 290,398 | 19.9 | 0% |
| 2020 | 1,333,662 | 896,843 | 436,819 | 20.1 | 0% |
| 2021 | 1,878,314 | 1,393,860 | 484,454 | 17.1 | 0% |
| 2022 | 1,008,077 | 916,430 | 91,647 | 27.3 | 0% |
| 2023 | 696,049 | 916,537 | −220,488 | 24.4 | 0% |
In its most recent public year (2023), this organization spent $220,488 more than it brought in. Its reserves stood at about 24.4 months of spending, up from 1.5 in 2011. Staff pay was 0% 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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