Ada Developers Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 21,495,090 | 7,365,161 | 14,129,929 | 28.4 | 44% |
| 2022 | 11,410,776 | 14,192,370 | −2,781,594 | 12.4 | 49% |
| 2023 | 4,821,610 | 15,199,146 | −10,377,536 | 3.0 | 43% |
In its most recent public year (2023), this organization spent $10,377,536 more than it brought in. Its reserves stood at about 3 months of spending, down from 28.4 in 2021. Staff pay was 43% of spending. $1,019,888 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 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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