First State Military Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 325,018 | 20,037 | 304,981 | 182.7 | 0% |
| 2014 | 313,847 | 101,455 | 212,392 | 61.2 | 16% |
| 2015 | 1,140,036 | 1,951,186 | −811,150 | -1.3 | 24% |
| 2016 | 1,207,150 | 1,634,064 | −426,914 | -4.6 | 34% |
| 2017 | 3,671,751 | 4,046,062 | −374,311 | -3.0 | 36% |
| 2018 | 5,271,988 | 5,755,775 | −483,787 | -10.2 | 37% |
| 2019 | 5,618,784 | 6,688,448 | −1,069,664 | -10.7 | 36% |
| 2020 | 6,534,623 | 7,293,316 | −758,693 | -11.1 | 37% |
| 2021 | 7,272,088 | 8,166,677 | −894,589 | -11.2 | 37% |
| 2022 | 7,319,999 | 8,641,941 | −1,321,942 | -12.4 | 39% |
| 2023 | 7,588,163 | 9,264,822 | −1,676,659 | -13.8 | 39% |
In its most recent public year (2023), this organization spent $1,676,659 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13.8 months), down from 182.7 in 2013. Staff pay was 39% 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
First State Military Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works