Steel Academy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,443,409 | 1,428,889 | 14,520 | 0.1 | 0% |
| 2016 | 1,937,162 | 1,937,174 | −12 | 0.1 | 0% |
| 2017 | 1,649,647 | 1,649,637 | 10 | 0.1 | 0% |
| 2018 | 1,406,371 | 1,405,373 | 998 | 0.1 | 0% |
| 2019 | 1,467,216 | 1,445,766 | 21,450 | 0.3 | 0% |
| 2020 | 1,775,177 | 1,766,685 | 8,492 | 0.3 | 0% |
| 2021 | 1,979,217 | 1,965,300 | 13,917 | 0.4 | 0% |
| 2022 | 2,597,184 | 2,468,627 | 128,557 | -5.6 | 0% |
| 2023 | 2,508,493 | 2,672,988 | −164,495 | -5.9 | 0% |
In its most recent public year (2023), this organization spent $164,495 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.9 months), down from 0.1 in 2015. Staff pay was 0% 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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