Innovation Academy Parent Teacher Organization
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2023 | 123,014 | 121,735 | 1,279 | 7.8 | — |
| 2024 | 126,920 | 130,039 | −3,119 | 7.0 | — |
In its most recent public year (2024), this organization spent $3,119 more than it brought in. Its reserves stood at about 7 months 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 2024. 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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