Elite Academy Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 154,698 | 151,521 | 3,177 | 0.3 | — |
| 2015 | 154,930 | 139,122 | 15,808 | 1.7 | — |
| 2016 | 149,580 | 164,690 | −15,110 | 0.4 | — |
| 2017 | 251,278 | 233,230 | 18,048 | 1.2 | 0% |
| 2018 | 237,134 | 260,427 | −23,293 | -0.0 | 0% |
| 2019 | 237,720 | 238,198 | −478 | -0.0 | 0% |
| 2020 | 53,937 | 49,255 | 4,682 | 0.9 | — |
| 2021 | 251,835 | 204,151 | 47,684 | 3.0 | 0% |
| 2022 | 24,100 | 76,905 | −52,805 | -0.2 | — |
| 2023 | 113,901 | 16,550 | 97,351 | 69.7 | — |
In its most recent public year (2023), this organization brought in $97,351 more than it spent. Its reserves stood at about 69.7 months of spending, up from 0.3 in 2014.
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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