Rittman Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 351,014 | 456,880 | −105,866 | 3.0 | 31% |
| 2021 | 455,271 | 435,351 | 19,920 | 3.7 | 39% |
| 2022 | 402,936 | 407,955 | −5,019 | 3.8 | 32% |
| 2023 | 434,805 | 380,396 | 54,409 | 5.8 | 36% |
In its most recent public year (2023), this organization brought in $54,409 more than it spent. Its reserves stood at about 5.8 months of spending, up from 3 in 2020. Staff pay was 36% of spending. $84,552 of its net assets are donor-restricted.
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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