Phalen Leadership Academies Indiana
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 1,399,649 | 214,247 | 1,185,402 | 66.4 | 41% |
| 2014 | 2,245,293 | 2,373,143 | −127,850 | 5.3 | 43% |
| 2015 | 4,406,934 | 3,676,950 | 729,984 | 5.8 | 36% |
| 2016 | 8,061,146 | 6,586,120 | 1,475,026 | 5.9 | 39% |
| 2017 | 11,825,013 | 10,416,709 | 1,408,304 | 5.4 | 45% |
| 2018 | 14,086,529 | 14,590,344 | −503,815 | 3.4 | 46% |
| 2019 | 17,900,812 | 15,583,755 | 2,317,057 | 5.0 | 45% |
| 2020 | 20,539,624 | 20,372,782 | 166,842 | 3.9 | 44% |
| 2021 | 31,079,119 | 28,596,434 | 2,482,685 | 3.8 | 44% |
| 2022 | 39,570,152 | 36,626,589 | 2,943,563 | 4.0 | 42% |
| 2023 | 46,371,047 | 47,082,345 | −711,298 | 3.0 | 41% |
In its most recent public year (2023), this organization spent $711,298 more than it brought in. Its reserves stood at about 3 months of spending, down from 66.4 in 2013. Staff pay was 41% of spending. $477,550 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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