Palmas Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,873,020 | 2,909,819 | −36,799 | 9.9 | 44% |
| 2020 | 2,818,136 | 2,870,816 | −52,680 | 9.8 | 44% |
| 2021 | 2,143,628 | 2,544,435 | −400,807 | 9.1 | 45% |
| 2022 | 3,682,875 | 3,298,152 | 384,723 | 8.4 | 49% |
| 2023 | 4,623,282 | 4,448,954 | 174,328 | 6.7 | 48% |
In its most recent public year (2023), this organization brought in $174,328 more than it spent. Its reserves stood at about 6.7 months of spending, down from 9.9 in 2019. Staff pay was 48% of spending. $2,861,943 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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