Suffield Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 33,662,917 | 30,067,930 | 3,594,987 | 49.8 | 34% |
| 2020 | 35,980,243 | 31,618,740 | 4,361,503 | 48.5 | 38% |
| 2021 | 32,098,698 | 31,233,967 | 864,731 | 53.6 | 35% |
| 2022 | 36,755,739 | 31,862,213 | 4,893,526 | 51.0 | 34% |
| 2023 | 37,649,588 | 33,711,160 | 3,938,428 | 50.0 | 34% |
In its most recent public year (2023), this organization brought in $3,938,428 more than it spent. Its reserves stood at about 50 months of spending. Staff pay was 34% of spending. $37,920,430 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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