Richard Milburn Academy Of Florida Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,249,310 | 2,217,837 | 31,473 | 4.2 | 57% |
| 2021 | 2,844,727 | 2,764,087 | 80,640 | 4.2 | 46% |
| 2022 | 4,169,124 | 3,267,242 | 901,882 | 6.9 | 43% |
| 2023 | 5,511,029 | 4,967,108 | 543,921 | 5.8 | 59% |
In its most recent public year (2023), this organization brought in $543,921 more than it spent. Its reserves stood at about 5.8 months of spending, up from 4.2 in 2020. Staff pay was 59% 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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