The Carolina Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 885,929 | 900,764 | −14,835 | 4.1 | 66% |
| 2013 | 919,705 | 1,002,922 | −83,217 | 2.7 | 62% |
| 2014 | 960,642 | 1,034,221 | −73,579 | 1.8 | 63% |
| 2015 | 1,328,818 | 1,168,914 | 159,904 | 3.2 | 60% |
| 2016 | 1,361,444 | 1,230,999 | 130,445 | 3.9 | 62% |
| 2017 | 1,489,565 | 1,614,815 | −125,250 | 2.3 | 52% |
| 2018 | 2,574,386 | 1,700,039 | 874,347 | 9.9 | 55% |
| 2019 | 2,231,053 | 1,851,517 | 379,536 | 10.7 | 58% |
| 2020 | 1,706,053 | 1,892,248 | −186,195 | 11.4 | 58% |
| 2021 | 2,352,654 | 1,689,603 | 663,051 | 17.8 | 60% |
| 2022 | 2,577,344 | 1,594,219 | 983,125 | 26.2 | 58% |
| 2023 | 2,230,684 | 1,917,919 | 312,765 | 24.1 | 58% |
In its most recent public year (2023), this organization brought in $312,765 more than it spent. Its reserves stood at about 24.1 months of spending, up from 4.1 in 2012. Staff pay was 58% 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
The Carolina Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works