New Destiny Daycare And Learning Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 603,645 | 624,248 | −20,603 | 1.2 | 67% |
| 2020 | 549,199 | 554,933 | −5,734 | 1.3 | 61% |
| 2021 | 644,072 | 566,851 | 77,221 | 2.9 | 57% |
| 2022 | 1,446,847 | 1,286,403 | 160,444 | 2.8 | 44% |
| 2023 | 594,801 | 708,511 | −113,710 | 3.1 | 66% |
In its most recent public year (2023), this organization spent $113,710 more than it brought in. Its reserves stood at about 3.1 months of spending, up from 1.2 in 2019. Staff pay was 66% 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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