American School Of Correspondence
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,386,399 | 5,781,832 | −395,433 | 20.4 | 39% |
| 2022 | 3,637,844 | 4,900,733 | −1,262,889 | 17.3 | 38% |
| 2023 | 4,468,830 | 4,488,357 | −19,527 | 19.0 | 39% |
In its most recent public year (2023), this organization spent $19,527 more than it brought in. Its reserves stood at about 19 months of spending, down from 20.4 in 2021. Staff pay was 39% of spending. $1,300,000 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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