Layc Career Academy Public Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,159,341 | 2,962,597 | 196,744 | 6.4 | 47% |
| 2021 | 3,642,018 | 2,863,239 | 778,779 | 9.9 | 47% |
| 2022 | 3,628,282 | 3,227,401 | 400,881 | 10.2 | 46% |
| 2023 | 3,135,291 | 3,123,757 | 11,534 | 10.6 | 46% |
In its most recent public year (2023), this organization brought in $11,534 more than it spent. Its reserves stood at about 10.6 months of spending, up from 6.4 in 2020. Staff pay was 46% 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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