Master Minds Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 857,769 | 589,302 | 268,467 | 17.2 | 38% |
| 2021 | 1,009,603 | 646,504 | 363,099 | 22.6 | 35% |
| 2022 | 613,705 | 484,909 | 128,796 | 33.4 | 24% |
| 2023 | 824,926 | 334,151 | 490,775 | 66.0 | 29% |
In its most recent public year (2023), this organization brought in $490,775 more than it spent. Its reserves stood at about 66 months of spending, up from 17.2 in 2020. Staff pay was 29% 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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