Royal Palm Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,745,145 | 4,000,395 | −255,250 | 13.0 | 48% |
| 2021 | 3,972,426 | 4,220,168 | −247,742 | 12.0 | 47% |
| 2022 | 4,360,331 | 4,404,248 | −43,917 | 11.1 | 49% |
| 2023 | 6,802,095 | 6,453,229 | 348,866 | 8.3 | 42% |
In its most recent public year (2023), this organization brought in $348,866 more than it spent. Its reserves stood at about 8.3 months of spending, down from 13 in 2020. Staff pay was 42% of spending. $887,953 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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