River Islands Academies
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 6,344,705 | 4,414,561 | 1,930,144 | 5.2 | 49% |
| 2018 | 6,519,717 | 5,875,472 | 644,245 | 5.3 | 48% |
| 2019 | 7,661,449 | 6,206,292 | 1,455,157 | 7.8 | 50% |
| 2020 | 9,918,875 | 7,105,912 | 2,812,963 | 11.6 | 51% |
| 2021 | 17,501,325 | 13,396,178 | 4,105,147 | 10.8 | 49% |
| 2022 | 18,454,978 | 15,444,171 | 3,010,807 | 11.7 | 50% |
| 2023 | 32,465,674 | 28,563,616 | 3,902,058 | 8.0 | 42% |
In its most recent public year (2023), this organization brought in $3,902,058 more than it spent. Its reserves stood at about 8 months of spending, up from 5.2 in 2017. Staff pay was 42% 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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