Crete Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 1,909,493 | 1,626,975 | 282,518 | 2.2 | 44% |
| 2019 | 2,154,646 | 2,433,700 | −279,054 | 0.1 | 13% |
| 2020 | 2,313,919 | 2,149,202 | 164,717 | 1.0 | 52% |
| 2021 | 2,686,098 | 2,116,440 | 569,658 | 4.3 | 48% |
| 2022 | 3,944,110 | 3,467,214 | 476,896 | 4.3 | 45% |
| 2023 | 5,381,186 | 6,301,435 | −920,249 | 0.6 | 43% |
In its most recent public year (2023), this organization spent $920,249 more than it brought in. Its reserves stood at about 0.6 months of spending, down from 2.2 in 2018. Staff pay was 43% 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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