North Lakes Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,951,294 | 7,183,027 | −231,733 | -7.4 | 46% |
| 2021 | 8,303,714 | 7,683,037 | 620,677 | -4.6 | 50% |
| 2022 | 7,717,810 | 8,505,551 | −787,741 | -5.4 | 49% |
| 2023 | 8,444,266 | 8,542,847 | −98,581 | -4.4 | 45% |
In its most recent public year (2023), this organization spent $98,581 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.4 months), up from -7.4 in 2020. Staff pay was 45% of spending.
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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