The Island Academy Of Hilton Head
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 281,010 | 227,730 | 53,280 | 2.7 | 48% |
| 2019 | 397,781 | 429,980 | −32,199 | 0.6 | 53% |
| 2021 | 399,283 | 605,397 | −206,114 | -3.6 | 46% |
| 2022 | 500,800 | 745,927 | −245,127 | -6.9 | 42% |
| 2023 | 395,569 | 653,184 | −257,615 | -10.0 | 43% |
In its most recent public year (2023), this organization spent $257,615 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10 months), down from 2.7 in 2018. 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
The Island Academy Of Hilton Head's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works