Faith Academy Charter School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 4,976,073 | 4,228,879 | 747,194 | 2.1 | 54% |
| 2023 | 6,672,238 | 5,518,480 | 1,153,758 | 4.1 | 55% |
| 2024 | 9,133,786 | 8,810,324 | 323,462 | 3.0 | 45% |
In its most recent public year (2024), this organization brought in $323,462 more than it spent. Its reserves stood at about 3 months of spending. Staff pay was 45% 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 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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