Singsing Silver Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 77,469 | 6,031 | 71,438 | 142.1 | 0% |
| 2022 | 21,987 | 13,148 | 8,839 | 78.7 | 0% |
| 2023 | 2,080 | 127,915 | −125,835 | -3.9 | 51% |
In its most recent public year (2023), this organization spent $125,835 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.9 months), down from 142.1 in 2021. Staff pay was 51% 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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