Midtown Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,243,570 | 2,272,907 | −29,337 | 1.3 | 69% |
| 2021 | 2,199,680 | 2,233,626 | −33,946 | 1.1 | 68% |
| 2022 | 2,280,502 | 2,404,206 | −123,704 | 0.4 | 68% |
| 2023 | 2,570,775 | 2,410,096 | 160,679 | 1.2 | 70% |
In its most recent public year (2023), this organization brought in $160,679 more than it spent. Its reserves stood at about 1.2 months of spending. Staff pay was 70% 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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