American Academy Of Innovation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,626,773 | 3,629,505 | −2,732 | -5.9 | 50% |
| 2021 | 4,235,763 | 4,313,415 | −77,652 | -6.7 | 54% |
| 2022 | 5,086,641 | 4,547,107 | 539,534 | -4.9 | 55% |
| 2023 | 5,182,903 | 4,883,571 | 299,332 | -3.9 | 56% |
In its most recent public year (2023), this organization brought in $299,332 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3.9 months), up from -5.9 in 2020. Staff pay was 56% of spending. $957,738 of its net assets are donor-restricted.
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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