Texas Academy Of Faith And Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 425,393 | 561,785 | −136,392 | 8.5 | 68% |
| 2022 | 521,575 | 604,410 | −82,835 | 6.2 | 53% |
| 2023 | 634,288 | 665,804 | −31,516 | 5.1 | 52% |
In its most recent public year (2023), this organization spent $31,516 more than it brought in. Its reserves stood at about 5.1 months of spending, down from 8.5 in 2021. Staff pay was 52% 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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