Academy Of Charter Schools Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 14,156,679 | 13,935,432 | 221,247 | -1.6 | 48% |
| 2015 | 14,825,882 | 16,633,331 | −1,807,449 | -9.5 | 41% |
| 2016 | 15,756,182 | 19,297,915 | −3,541,733 | -10.4 | 38% |
| 2017 | 16,135,473 | 26,314,159 | −10,178,686 | -12.3 | 29% |
| 2018 | 16,893,326 | 28,636,595 | −11,743,269 | -16.6 | 26% |
| 2019 | 18,598,743 | 17,262,434 | 1,336,309 | -26.7 | 50% |
| 2020 | 19,223,240 | 15,289,518 | 3,933,722 | -27.0 | 59% |
| 2021 | 19,787,867 | 12,660,685 | 7,127,182 | -25.9 | 70% |
| 2022 | 23,073,081 | 13,013,665 | 10,059,416 | -15.9 | 72% |
| 2023 | 25,116,538 | 21,182,550 | 3,933,988 | -7.6 | 49% |
In its most recent public year (2023), this organization brought in $3,933,988 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-7.6 months), down from -1.6 in 2014. Staff pay was 49% 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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