Elgin Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,535,889 | 8,963,427 | 572,462 | 9.0 | 42% |
| 2012 | 8,945,180 | 9,285,609 | −340,429 | 8.3 | 42% |
| 2013 | 10,507,889 | 9,528,349 | 979,540 | 9.3 | 41% |
| 2014 | 10,144,570 | 9,006,632 | 1,137,938 | 11.4 | 44% |
| 2015 | 9,253,226 | 9,048,041 | 205,185 | 11.6 | 44% |
| 2016 | 8,688,211 | 9,229,383 | −541,172 | 10.6 | 42% |
| 2017 | 9,004,689 | 8,880,662 | 124,027 | 11.2 | 43% |
| 2018 | 8,579,236 | 8,473,305 | 105,931 | 11.9 | 43% |
| 2019 | 8,877,527 | 8,708,868 | 168,659 | 11.8 | 41% |
| 2020 | 8,404,645 | 8,234,031 | 170,614 | 12.8 | 44% |
| 2021 | 8,125,869 | 7,373,665 | 752,204 | 15.5 | 41% |
| 2022 | 8,213,882 | 9,108,298 | −894,416 | 11.3 | 36% |
| 2023 | 10,772,505 | 9,019,353 | 1,753,152 | 13.8 | 38% |
In its most recent public year (2023), this organization brought in $1,753,152 more than it spent. Its reserves stood at about 13.8 months of spending, up from 9 in 2011. Staff pay was 38% of spending. $2,293,264 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
Elgin Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works