Olivet Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 22,525 | 20,141 | 2,384 | 1.4 | — |
| 2019 | 978,082 | 936,856 | 41,226 | 1.0 | 61% |
| 2020 | 2,643,226 | 1,760,138 | 883,088 | 6.7 | 57% |
| 2021 | 2,755,116 | 2,657,530 | 97,586 | 5.9 | 51% |
| 2022 | 2,430,467 | 2,401,373 | 29,094 | 6.6 | 58% |
| 2023 | 2,636,568 | 2,606,303 | 30,265 | 6.3 | 60% |
In its most recent public year (2023), this organization brought in $30,265 more than it spent. Its reserves stood at about 6.3 months of spending, up from 1.4 in 2015. Staff pay was 60% 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
Olivet Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works