Gray Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 259,138 | 273,041 | −13,903 | 4.3 | 33% |
| 2021 | 351,604 | 239,642 | 111,962 | 10.4 | 51% |
| 2022 | 743,557 | 266,254 | 477,303 | 30.9 | 54% |
| 2023 | 236,216 | 494,248 | −258,032 | 10.2 | 23% |
In its most recent public year (2023), this organization spent $258,032 more than it brought in. Its reserves stood at about 10.2 months of spending, up from 4.3 in 2020. Staff pay was 23% 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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