Sejong Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 931,858 | 858,510 | 73,348 | 1.0 | 36% |
| 2016 | 1,244,450 | 1,149,181 | 95,269 | 1.8 | 30% |
| 2017 | 1,746,956 | 1,863,296 | −116,340 | 0.3 | 34% |
| 2018 | 2,387,973 | 2,541,835 | −153,862 | -0.5 | 22% |
| 2019 | 2,969,803 | 2,950,689 | 19,114 | -0.3 | 30% |
| 2020 | 3,780,828 | 3,527,074 | 253,754 | 0.6 | 44% |
| 2021 | 4,741,471 | 4,495,516 | 245,955 | 1.1 | 44% |
| 2022 | 6,083,352 | 6,946,162 | −862,810 | -0.8 | 39% |
| 2023 | 6,181,460 | 7,568,112 | −1,386,652 | -2.9 | 43% |
In its most recent public year (2023), this organization spent $1,386,652 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.9 months), down from 1 in 2015. Staff pay was 43% of spending. $7,325 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
Sejong Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works