Reading Edge Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 3,437,532 | 3,680,052 | −242,520 | 13.4 | 59% |
| 2013 | 3,767,487 | 3,894,426 | −126,939 | 12.2 | 59% |
| 2014 | 3,944,354 | 3,894,110 | 50,244 | 12.4 | 59% |
| 2015 | 4,102,452 | 4,070,379 | 32,073 | 11.9 | 58% |
| 2016 | 4,247,920 | 4,201,121 | 46,799 | 11.7 | 58% |
| 2017 | 4,445,474 | 4,276,334 | 169,140 | 11.9 | 57% |
| 2018 | 4,660,186 | 4,335,367 | 324,819 | 12.7 | 58% |
| 2019 | 4,537,015 | 4,463,107 | 73,908 | 12.5 | 59% |
| 2020 | 4,086,904 | 4,294,169 | −207,265 | 12.4 | 58% |
| 2021 | 4,347,791 | 4,475,014 | −127,223 | 11.6 | 60% |
| 2022 | 4,846,330 | 4,787,844 | 58,486 | 11.0 | 59% |
| 2023 | 4,316,985 | 4,868,283 | −551,298 | 9.4 | 56% |
In its most recent public year (2023), this organization spent $551,298 more than it brought in. Its reserves stood at about 9.4 months of spending, down from 13.4 in 2012. Staff pay was 56% 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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