Spartanburg Academic Movement
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,324,107 | 1,001,516 | 3,322,591 | 55.9 | 28% |
| 2021 | 3,165,814 | 3,509,478 | −343,664 | 14.8 | 11% |
| 2022 | 1,196,776 | 2,147,532 | −950,756 | 18.8 | 22% |
| 2023 | 9,499,656 | 2,456,051 | 7,043,605 | 50.9 | 30% |
In its most recent public year (2023), this organization brought in $7,043,605 more than it spent. Its reserves stood at about 50.9 months of spending, down from 55.9 in 2020. Staff pay was 30% of spending. $8,474,217 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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