Hirsch Academy A Challenge Foundation Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,876,055 | 1,694,839 | 181,216 | 5.1 | 55% |
| 2021 | 1,867,297 | 1,817,964 | 49,333 | 5.1 | 56% |
| 2022 | 2,314,354 | 2,241,885 | 72,469 | 4.5 | 55% |
| 2023 | 2,344,656 | 2,381,332 | −36,676 | 4.1 | 53% |
In its most recent public year (2023), this organization spent $36,676 more than it brought in. Its reserves stood at about 4.1 months of spending. Staff pay was 53% of spending. $140,397 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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