Palmdale Aerospace Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 300,000 | 63,986 | 236,014 | 44.3 | 0% |
| 2013 | 3,969,413 | 3,391,702 | 577,711 | 2.9 | 42% |
| 2014 | 5,440,775 | 4,186,429 | 1,254,346 | 5.9 | 51% |
| 2015 | 8,246,689 | 6,820,954 | 1,425,735 | 6.1 | 50% |
| 2016 | 12,054,601 | 8,951,383 | 3,103,218 | 8.8 | 54% |
| 2017 | 14,345,118 | 13,291,995 | 1,053,123 | 6.9 | 48% |
| 2018 | 21,186,997 | 19,501,287 | 1,685,710 | 5.7 | 46% |
| 2019 | 22,653,544 | 22,288,656 | 364,888 | 5.2 | 49% |
| 2020 | 32,413,010 | 31,330,642 | 1,082,368 | 4.1 | 46% |
| 2021 | 35,585,919 | 29,290,521 | 6,295,398 | 7.0 | 45% |
| 2022 | 36,712,378 | 35,000,467 | 1,711,911 | 6.4 | 43% |
| 2023 | 51,636,642 | 40,412,875 | 11,223,767 | 8.5 | 44% |
In its most recent public year (2023), this organization brought in $11,223,767 more than it spent. Its reserves stood at about 8.5 months of spending, down from 44.3 in 2012. Staff pay was 44% of spending. $8,815,540 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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