First Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 84,729 | 106,563 | −21,834 | -9.5 | — |
| 2018 | 400,850 | 409,196 | −8,346 | -2.7 | 70% |
| 2019 | 537,626 | 535,328 | 2,298 | -2.0 | 73% |
| 2020 | 413,978 | 471,947 | −57,969 | -3.8 | 65% |
| 2021 | 613,567 | 551,296 | 62,271 | -1.9 | 60% |
| 2022 | 574,676 | 604,072 | −29,396 | -2.3 | 71% |
In its most recent public year (2022), this organization spent $29,396 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.3 months), up from -9.5 in 2017. Staff pay was 71% 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 2022. 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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