Twelve Stones Christian Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 202,861 | 204,770 | −1,909 | 0.3 | 79% |
| 2020 | 216,958 | 425,773 | −208,815 | -5.8 | 74% |
| 2021 | 381,011 | 490,508 | −109,497 | -7.7 | 69% |
| 2022 | 706,469 | 968,717 | −262,248 | -7.2 | 48% |
| 2023 | 591,081 | 837,586 | −246,505 | -19.0 | 59% |
In its most recent public year (2023), this organization spent $246,505 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-19 months), down from 0.3 in 2018. Staff pay was 59% 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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