Philips Academy Charter School Of Paterson Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 1,582,294 | 1,525,838 | 56,456 | 0.4 | 44% |
| 2018 | 2,097,664 | 2,133,438 | −35,774 | 0.1 | 61% |
| 2019 | 3,067,279 | 3,052,303 | 14,976 | 0.1 | 60% |
| 2020 | 4,889,988 | 3,971,528 | 918,460 | 2.9 | 55% |
| 2021 | 6,850,268 | 5,782,487 | 1,067,781 | 4.2 | 48% |
| 2022 | 10,222,539 | 10,353,863 | −131,324 | 2.2 | 47% |
| 2023 | 12,768,117 | 12,117,072 | 651,045 | 2.5 | 49% |
In its most recent public year (2023), this organization brought in $651,045 more than it spent. Its reserves stood at about 2.5 months of spending, up from 0.4 in 2017. Staff pay was 49% of spending. $776,386 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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