Turing School Of Software And Design
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,212,862 | 8,542,314 | −2,329,452 | 2.3 | 56% |
| 2021 | 10,301,401 | 9,329,784 | 971,617 | 3.3 | 56% |
| 2022 | 8,417,878 | 9,384,031 | −966,153 | -0.6 | 57% |
| 2023 | 6,138,974 | 7,945,673 | −1,806,699 | -3.5 | 62% |
In its most recent public year (2023), this organization spent $1,806,699 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.5 months), down from 2.3 in 2020. Staff pay was 62% of spending. $41,055 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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