Believe Memphis Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 878,399 | 369,195 | 509,204 | 16.6 | 0% |
| 2019 | 2,935,023 | 2,693,925 | 241,098 | 3.3 | 42% |
| 2020 | 3,210,971 | 3,365,621 | −154,650 | 2.1 | 52% |
| 2021 | 5,873,256 | 4,182,497 | 1,690,759 | 6.6 | 61% |
| 2022 | 8,064,736 | 6,375,493 | 1,689,243 | 7.5 | 49% |
| 2023 | 5,157,559 | 5,597,797 | −440,238 | 7.6 | 48% |
In its most recent public year (2023), this organization spent $440,238 more than it brought in. Its reserves stood at about 7.6 months of spending, down from 16.6 in 2018. Staff pay was 48% of spending. $483,285 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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