Island Pacific Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,164,480 | 10,334,116 | −1,169,636 | -13.7 | 44% |
| 2012 | 10,494,929 | 10,554,789 | −59,860 | -13.5 | 46% |
| 2013 | 10,096,074 | 10,941,683 | −845,609 | -14.0 | 46% |
| 2014 | 8,876,292 | 9,013,237 | −136,945 | -17.1 | 40% |
| 2015 | 7,752,015 | 9,379,547 | −1,627,532 | -18.3 | 39% |
| 2016 | 9,954,769 | 7,869,975 | 2,084,794 | 1.1 | 47% |
| 2017 | 8,410,845 | 7,587,142 | 823,703 | 2.6 | 48% |
| 2018 | 8,833,842 | 8,540,612 | 293,230 | 2.7 | 49% |
| 2019 | 9,119,024 | 9,167,823 | −48,799 | 2.6 | 49% |
| 2020 | 9,947,742 | 9,450,725 | 497,017 | 3.7 | 51% |
| 2021 | 10,713,733 | 10,274,838 | 438,895 | 3.9 | 50% |
| 2022 | 12,224,553 | 10,421,850 | 1,802,703 | 5.5 | 49% |
| 2023 | 14,553,755 | 11,579,582 | 2,974,173 | 8.1 | 51% |
In its most recent public year (2023), this organization brought in $2,974,173 more than it spent. Its reserves stood at about 8.1 months of spending, up from -13.7 in 2011. Staff pay was 51% of spending. $162,909 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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