Illinois Math Academy Nfp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 15,920 | 8,860 | 7,060 | 9.6 | 28% |
| 2018 | 39,792 | 42,145 | −2,353 | 1.3 | 31% |
| 2019 | 34,312 | 35,351 | −1,039 | 1.2 | 29% |
| 2020 | 32,988 | 23,267 | 9,721 | 6.9 | 21% |
| 2021 | 12,679 | 15,491 | −2,812 | 8.2 | 20% |
| 2022 | 46,966 | 35,753 | 11,213 | 7.3 | 54% |
| 2023 | 60,908 | 59,194 | 1,714 | 4.8 | 40% |
In its most recent public year (2023), this organization brought in $1,714 more than it spent. Its reserves stood at about 4.8 months of spending, down from 9.6 in 2017. Staff pay was 40% 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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