Salem Academy Charter School Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 188,363 | 181,576 | 6,787 | 4.1 | — |
| 2011 | 204,187 | 256,750 | −52,563 | 0.4 | 0% |
| 2012 | 325,855 | 335,273 | −9,418 | -0.0 | 0% |
| 2013 | 194,765 | 46,338 | 148,427 | 38.3 | — |
| 2014 | 64,395 | 222,579 | −158,184 | -0.5 | — |
| 2015 | 101,267 | 55,668 | 45,599 | 7.6 | — |
| 2016 | 116,566 | 76,752 | 39,814 | 11.8 | — |
| 2017 | 112,681 | 161,293 | −48,612 | 2.0 | — |
| 2018 | 459,184 | 31,756 | 427,428 | 171.6 | 0% |
| 2019 | 659,633 | 555,095 | 104,538 | 12.1 | 0% |
| 2020 | 670,437 | 643,399 | 27,038 | 10.9 | 0% |
| 2021 | 115,919 | 600,171 | −484,252 | 2.0 | — |
| 2022 | 1,469,394 | 767,279 | 702,115 | 12.6 | 0% |
| 2023 | 866,381 | 725,446 | 140,935 | 15.6 | 0% |
| 2024 | 1,100,120 | 742,167 | 357,953 | 21.1 | 0% |
In its most recent public year (2024), this organization brought in $357,953 more than it spent. Its reserves stood at about 21.1 months of spending, up from 4.1 in 2010. Staff pay was 0% of spending. $972,402 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 2024. 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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