Hampton Roads Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,637,301 | 12,620,452 | 16,849 | 15.4 | 54% |
| 2021 | 14,722,729 | 12,798,689 | 1,924,040 | 17.6 | 53% |
| 2022 | 13,982,146 | 13,598,962 | 383,184 | 16.2 | 54% |
| 2023 | 16,627,707 | 14,287,236 | 2,340,471 | 17.5 | 53% |
In its most recent public year (2023), this organization brought in $2,340,471 more than it spent. Its reserves stood at about 17.5 months of spending, up from 15.4 in 2020. Staff pay was 53% of spending. $3,161,491 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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