Madison-Ridgeland Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 15,978,879 | 13,481,589 | 2,497,290 | 14.7 | 58% |
| 2022 | 17,543,993 | 15,009,615 | 2,534,378 | 15.2 | 55% |
| 2023 | 21,236,224 | 16,251,027 | 4,985,197 | 17.7 | 54% |
| 2024 | 20,719,890 | 17,732,440 | 2,987,450 | 18.3 | 54% |
In its most recent public year (2024), this organization brought in $2,987,450 more than it spent. Its reserves stood at about 18.3 months of spending, up from 14.7 in 2021. Staff pay was 54% of spending. $4,883,442 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 2024. 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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