Academy Of Medicine Of Cleveland
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 220,432 | 454,357 | −233,925 | 18.1 | 66% |
| 2021 | 229,991 | 303,264 | −73,273 | 25.3 | 64% |
| 2022 | 355,524 | 323,505 | 32,019 | 12.3 | 60% |
| 2023 | 344,019 | 328,073 | 15,946 | 14.0 | 66% |
In its most recent public year (2023), this organization brought in $15,946 more than it spent. Its reserves stood at about 14 months of spending, down from 18.1 in 2020. Staff pay was 66% of spending. $128,567 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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