True North Classical Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,342,070 | 7,141,439 | 200,631 | -0.3 | 46% |
| 2021 | 11,588,372 | 9,514,879 | 2,073,493 | 2.4 | 50% |
| 2022 | 17,879,312 | 16,090,440 | 1,788,872 | 2.7 | 44% |
| 2023 | 21,732,930 | 21,896,066 | −163,136 | 1.9 | 51% |
In its most recent public year (2023), this organization spent $163,136 more than it brought in. Its reserves stood at about 1.9 months of spending, up from -0.3 in 2020. Staff pay was 51% 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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