Matthias Academy Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 457,156 | 31,257 | 425,899 | 163.5 | 0% |
| 2020 | 371,580 | 186,858 | 184,722 | 39.2 | 61% |
| 2021 | 1,359,131 | 1,422,953 | −63,822 | 4.4 | 65% |
| 2022 | 2,860,611 | 2,243,761 | 616,850 | 6.1 | 67% |
| 2023 | 4,709,739 | 3,693,598 | 1,016,141 | 8.6 | 63% |
In its most recent public year (2023), this organization brought in $1,016,141 more than it spent. Its reserves stood at about 8.6 months of spending, down from 163.5 in 2019. Staff pay was 63% of spending. $364,293 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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