Electromagnetics Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10 | 73,866 | −73,856 | 40.5 | 0% |
| 2012 | 8 | 74,373 | −74,365 | 28.3 | 0% |
| 2013 | 4 | 101,519 | −101,515 | 8.7 | 0% |
| 2014 | 1 | 72,158 | −72,157 | 0.2 | 0% |
| 2015 | 0 | 90,838 | −90,838 | -11.8 | 0% |
| 2016 | 0 | 102,376 | −102,376 | -22.5 | 0% |
| 2017 | 0 | 105,826 | −105,826 | -33.7 | 0% |
| 2018 | 0 | 98,560 | −98,560 | -48.2 | 0% |
| 2019 | 0 | 68,191 | −68,191 | -81.7 | 0% |
| 2020 | 0 | 27,108 | −27,108 | -217.5 | 0% |
| 2021 | 0 | 36,535 | −36,535 | -173.4 | 0% |
In its most recent public year (2021), this organization spent $36,535 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-173.4 months), down from 40.5 in 2011. Staff pay was 0% 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 2021. 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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