Faith Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 283,031 | 279,603 | 3,428 | 6.9 | 76% |
| 2012 | 313,375 | 354,187 | −40,812 | 5.5 | 75% |
| 2013 | 200,263 | 229,829 | −29,566 | 7.0 | 57% |
| 2014 | 274,279 | 277,794 | −3,515 | 5.5 | 72% |
| 2015 | 259,846 | 258,418 | 1,428 | 5.9 | 72% |
| 2016 | 330,020 | 283,558 | 46,462 | 7.4 | 50% |
| 2017 | 327,147 | 281,882 | 45,265 | 9.4 | 54% |
| 2018 | 350,057 | 297,632 | 52,425 | 5.3 | 52% |
| 2019 | 258,229 | 350,435 | −92,206 | 8.5 | 45% |
| 2020 | 294,314 | 292,152 | 2,162 | 10.3 | 49% |
| 2021 | 284,927 | 259,376 | 25,551 | 12.8 | 46% |
| 2022 | 363,258 | 341,783 | 21,475 | 10.4 | 48% |
| 2023 | 375,078 | 375,078 | 0 | 0.0 | 55% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 0 months of spending, down from 6.9 in 2011. Staff pay was 55% 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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