Monrovia Football Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 20,460 | 4,606 | 15,854 | 41.3 | — |
| 2016 | 134,264 | 99,015 | 35,249 | 6.2 | — |
| 2017 | 153,987 | 124,736 | 29,251 | 7.7 | — |
| 2018 | 221,768 | 183,572 | 38,196 | 8.4 | 51% |
| 2019 | 402,302 | 354,346 | 47,956 | 6.2 | 13% |
| 2020 | 452,740 | 243,842 | 208,898 | 19.5 | 46% |
| 2021 | 421,018 | 283,287 | 137,731 | 22.6 | 47% |
| 2022 | −659,912 | 7,998 | −667,910 | -200.0 | — |
| 2023 | 11,702 | 14,346 | −2,644 | -113.7 | — |
In its most recent public year (2023), this organization spent $2,644 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-113.7 months), down from 41.3 in 2015.
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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