Providence Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 119,486 | 133,526 | −14,040 | 0.7 | 51% |
| 2021 | 210,273 | 207,577 | 2,696 | 0.6 | 49% |
| 2022 | 367,514 | 388,414 | −20,900 | -0.4 | 46% |
| 2023 | 451,526 | 439,631 | 11,895 | -0.1 | 47% |
In its most recent public year (2023), this organization brought in $11,895 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.1 months). Staff pay was 47% 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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