Ascent Academies Of Utah
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,756,457 | 22,901,482 | −1,145,025 | 1.2 | 0% |
| 2021 | 23,146,389 | 25,006,936 | −1,860,547 | -0.1 | 0% |
| 2022 | 23,013,435 | 25,369,269 | −2,355,834 | -1.2 | 0% |
| 2023 | 30,563,570 | 30,390,004 | 173,566 | -0.9 | 0% |
In its most recent public year (2023), this organization brought in $173,566 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.9 months), down from 1.2 in 2020. Staff pay was 0% of spending. $4,879,777 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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