Innovative Arts Academy Charter School Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 2,935,591 | 3,077,177 | −141,586 | -0.6 | 47% |
| 2018 | 5,301,076 | 4,342,672 | 958,404 | 2.3 | 52% |
| 2019 | 7,811,127 | 6,868,259 | 942,868 | 3.1 | 48% |
| 2020 | 7,742,659 | 6,637,258 | 1,105,401 | 5.2 | 47% |
| 2021 | 8,334,519 | 7,062,283 | 1,272,236 | 7.0 | 45% |
| 2022 | 9,401,988 | 8,260,138 | 1,141,850 | 3.7 | 44% |
| 2023 | 9,589,274 | 9,039,520 | 549,754 | 4.2 | 40% |
In its most recent public year (2023), this organization brought in $549,754 more than it spent. Its reserves stood at about 4.2 months of spending, up from -0.6 in 2017. Staff pay was 40% of spending. $4,888,194 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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