Fit Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 191,009 | 159,577 | 31,432 | 2.4 | — |
| 2018 | 2,530,600 | 2,458,143 | 72,457 | 0.5 | 43% |
| 2019 | 3,940,351 | 3,666,357 | 273,994 | 1.2 | 45% |
| 2020 | 3,755,926 | 4,207,265 | −451,339 | -0.2 | 46% |
| 2021 | 4,405,584 | 4,455,524 | −49,940 | -0.3 | 48% |
| 2022 | 4,399,675 | 4,644,621 | −244,946 | -1.0 | 49% |
| 2023 | 5,697,829 | 5,785,487 | −87,658 | -0.9 | 45% |
In its most recent public year (2023), this organization spent $87,658 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.9 months), down from 2.4 in 2017. Staff pay was 45% 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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