Harmony Christian Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 115,760 | 110,870 | 4,890 | 0.5 | — |
| 2022 | 267,611 | 279,010 | −11,399 | -0.3 | 58% |
| 2023 | 456,848 | 510,436 | −53,588 | -1.4 | 55% |
In its most recent public year (2023), this organization spent $53,588 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.4 months), down from 0.5 in 2021. Staff pay was 55% 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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