Groves Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,392,281 | 6,913,573 | −521,292 | 19.6 | 53% |
| 2012 | 7,277,134 | 7,682,187 | −405,053 | 16.9 | 52% |
| 2013 | 308,084 | 842,656 | −534,572 | 144.9 | 52% |
| 2014 | 8,215,148 | 8,794,158 | −579,010 | 13.5 | 53% |
| 2015 | 8,715,127 | 8,858,664 | −143,537 | 12.9 | 54% |
| 2016 | 9,760,161 | 9,783,165 | −23,004 | 11.8 | 54% |
| 2017 | 10,886,079 | 11,056,355 | −170,276 | 10.4 | 54% |
| 2018 | 11,988,517 | 11,988,018 | 499 | 9.7 | 55% |
| 2019 | 12,902,493 | 13,032,121 | −129,628 | 8.8 | 55% |
| 2020 | 14,018,129 | 13,462,634 | 555,495 | 9.1 | 56% |
| 2021 | 17,504,895 | 14,994,724 | 2,510,171 | 10.5 | 54% |
| 2022 | 17,013,075 | 15,936,426 | 1,076,649 | 10.1 | 57% |
| 2023 | 32,638,289 | 16,378,635 | 16,259,654 | 20.4 | 57% |
In its most recent public year (2023), this organization brought in $16,259,654 more than it spent. Its reserves stood at about 20.4 months of spending. Staff pay was 57% of spending. $11,919,349 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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