Independent Academy Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,521,881 | 1,127,997 | 393,884 | 13.3 | 58% |
| 2012 | 1,601,858 | 1,247,340 | 354,518 | 15.5 | 56% |
| 2013 | 1,843,362 | 1,396,587 | 446,775 | 17.7 | 56% |
| 2014 | 2,095,492 | 1,589,029 | 506,463 | 19.3 | 52% |
| 2015 | 2,366,561 | 2,345,516 | 21,045 | 1.8 | 37% |
| 2016 | 2,815,762 | 2,651,914 | 163,848 | 2.3 | 41% |
| 2017 | 3,117,667 | 3,818,959 | −701,292 | -0.6 | 30% |
| 2018 | 3,414,852 | 4,250,313 | −835,461 | -3.3 | 30% |
| 2019 | 3,313,162 | 3,009,796 | 303,366 | -3.5 | 45% |
| 2020 | 3,786,200 | 3,004,312 | 781,888 | -0.4 | 50% |
| 2021 | 4,774,990 | 3,511,964 | 1,263,026 | 4.0 | 50% |
| 2022 | 4,625,399 | 4,600,641 | 24,758 | 3.1 | 44% |
| 2023 | 5,787,355 | 5,556,750 | 230,605 | 3.1 | 41% |
In its most recent public year (2023), this organization brought in $230,605 more than it spent. Its reserves stood at about 3.1 months of spending, down from 13.3 in 2011. Staff pay was 41% 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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