Adept Educational Institute Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,494,298 | 5,423,552 | 70,746 | 3.1 | 20% |
| 2021 | 4,765,181 | 4,641,604 | 123,577 | 4.4 | 23% |
| 2022 | 6,323,218 | 6,208,030 | 115,188 | 3.3 | 18% |
| 2023 | 7,979,376 | 7,906,041 | 73,335 | 2.8 | 15% |
In its most recent public year (2023), this organization brought in $73,335 more than it spent. Its reserves stood at about 2.8 months of spending. Staff pay was 15% of spending. $35,996 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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