Passport Academy Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,764,244 | 1,745,896 | 18,348 | 0.0 | 34% |
| 2016 | 3,104,643 | 2,901,355 | 203,288 | 0.8 | 25% |
| 2017 | 3,022,588 | 3,005,104 | 17,484 | 0.9 | 26% |
| 2018 | 2,815,730 | 2,831,258 | −15,528 | 0.9 | 31% |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 4,221,213 | 3,611,233 | 609,980 | 3.8 | 28% |
| 2021 | 3,072,975 | 3,050,302 | 22,673 | 4.5 | 35% |
| 2022 | 3,585,894 | 3,288,015 | 297,879 | 5.3 | 30% |
| 2023 | 4,050,480 | 3,660,184 | 390,296 | 6.0 | 27% |
In its most recent public year (2023), this organization brought in $390,296 more than it spent. Its reserves stood at about 6 months of spending, up from 0 in 2015. Staff pay was 27% of spending. $179,839 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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