South Kent School Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 13,231,030 | 12,758,992 | 472,038 | 16.6 | 28% |
| 2021 | 14,351,680 | 12,253,224 | 2,098,456 | 21.9 | 28% |
| 2022 | 16,289,359 | 13,464,863 | 2,824,496 | 20.3 | 26% |
| 2023 | 11,600,981 | 15,908,884 | −4,307,903 | 14.3 | 26% |
In its most recent public year (2023), this organization spent $4,307,903 more than it brought in. Its reserves stood at about 14.3 months of spending, down from 16.6 in 2020. Staff pay was 26% of spending. $9,700,465 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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