New Independence Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 89,823 | 73,396 | 16,427 | 2.7 | — |
| 2015 | 216,623 | 166,374 | 50,249 | 4.8 | 11% |
| 2016 | 162,533 | 176,715 | −14,182 | 3.6 | — |
| 2017 | 219,563 | 169,933 | 49,630 | 7.2 | 70% |
| 2018 | 269,666 | 199,483 | 70,183 | 10.4 | 69% |
| 2019 | 276,309 | 274,583 | 1,726 | 7.6 | 57% |
| 2020 | 232,026 | 229,487 | 2,539 | 9.2 | 60% |
| 2021 | 237,936 | 216,078 | 21,858 | 14.2 | 59% |
| 2022 | 221,585 | 271,660 | −50,075 | 9.1 | 61% |
| 2023 | 212,171 | 289,314 | −77,143 | 5.2 | 67% |
In its most recent public year (2023), this organization spent $77,143 more than it brought in. Its reserves stood at about 5.2 months of spending, up from 2.7 in 2014. Staff pay was 67% 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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