Advantage Arts Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 76,042 | 292,894 | −216,852 | -2.9 | 0% |
| 2021 | 2,946,041 | 3,001,505 | −55,464 | -0.8 | 0% |
| 2022 | 3,297,021 | 3,733,965 | −436,944 | -2.0 | 0% |
| 2023 | 3,598,546 | 3,466,767 | 131,779 | -1.7 | 0% |
In its most recent public year (2023), this organization brought in $131,779 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.7 months), up from -2.9 in 2020. Staff pay was 0% of spending. $72,887 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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