Academy At High Point
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 7,241,801 | 4,527,101 | 2,714,700 | -21.0 | 75% |
| 2022 | 7,754,364 | 4,757,333 | 2,997,031 | -12.4 | 84% |
| 2023 | 9,259,630 | 8,619,515 | 640,115 | -6.0 | 48% |
In its most recent public year (2023), this organization brought in $640,115 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-6 months), up from -21 in 2021. Staff pay was 48% of spending. $323,650 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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