Island Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 550,000 | 550,000 | 0 | 0.0 | 0% |
| 2013 | 671,226 | 671,226 | 0 | 0.0 | 0% |
| 2014 | 764,500 | 764,500 | 0 | 0.0 | 0% |
| 2015 | 1,946,865 | 0 | 1,946,865 | — | — |
| 2016 | 4,975,778 | 4,401,324 | 574,454 | 17.0 | 70% |
| 2017 | 6,712,330 | 5,854,050 | 858,280 | 16.0 | 51% |
| 2018 | 975,701 | 1,716,443 | −740,742 | 20.3 | 65% |
| 2019 | 1,806,456 | 1,775,448 | 31,008 | 23.5 | 69% |
| 2020 | 2,097,199 | 1,823,479 | 273,720 | 22.2 | 58% |
| 2021 | 2,397,257 | 1,626,659 | 770,598 | 29.8 | 62% |
| 2022 | 2,888,522 | 2,351,849 | 536,673 | 23.7 | 42% |
| 2023 | 3,389,545 | 2,691,017 | 698,528 | 23.8 | 40% |
| 2024 | 3,372,510 | 2,691,016 | 681,494 | 23.5 | 0% |
In its most recent public year (2024), this organization brought in $681,494 more than it spent. Its reserves stood at about 23.5 months of spending, up from 0 in 2012. Staff pay was 0% 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
Island Academy Inc's IRS filings as a feed — one entry per filing year, through 2024. 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