Merit Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 2,734,807 | 2,567,152 | 167,655 | 1.0 | 45% |
| 2023 | 4,399,236 | 5,781,676 | −1,382,440 | -2.6 | 36% |
In its most recent public year (2023), this organization spent $1,382,440 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.6 months), down from 1 in 2022. Staff pay was 36% of spending. $110,000 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
Merit Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works