T2 Honors Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,144,965 | 1,221,378 | −76,413 | -7.0 | 36% |
| 2020 | 1,182,050 | 1,282,839 | −100,789 | -7.6 | 28% |
| 2021 | 1,275,610 | 1,136,031 | 139,579 | -7.2 | 46% |
| 2022 | 1,461,107 | 1,360,003 | 101,104 | -5.1 | 49% |
| 2023 | 1,542,957 | 1,617,312 | −74,355 | -4.8 | 43% |
In its most recent public year (2023), this organization spent $74,355 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.8 months), up from -7 in 2019. Staff pay was 43% 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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