Still Waters Christian Boarding School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 545,386 | 233,081 | 312,305 | 34.8 | 38% |
| 2021 | 276,506 | 282,999 | −6,493 | 28.4 | 30% |
| 2022 | 265,488 | 300,335 | −34,847 | 25.4 | 27% |
| 2023 | 292,566 | 301,943 | −9,377 | 24.9 | 26% |
In its most recent public year (2023), this organization spent $9,377 more than it brought in. Its reserves stood at about 24.9 months of spending, down from 34.8 in 2020. Staff pay was 26% 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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