Elk Mountain Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,881,327 | 2,654,113 | 227,214 | 1.2 | 54% |
| 2021 | 5,953,511 | 5,889,748 | 63,763 | 1.0 | 52% |
| 2022 | 6,960,866 | 6,417,871 | 542,995 | 1.7 | 50% |
| 2023 | 7,816,824 | 7,086,414 | 730,410 | 2.8 | 51% |
In its most recent public year (2023), this organization brought in $730,410 more than it spent. Its reserves stood at about 2.8 months of spending, up from 1.2 in 2020. Staff pay was 51% 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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