Preparatory Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 432,629 | 247,181 | 185,448 | 55.7 | 0% |
| 2012 | 403,742 | 248,300 | 155,442 | 62.9 | 0% |
| 2013 | 423,060 | 370,190 | 52,870 | 43.9 | 0% |
| 2014 | 478,023 | 288,656 | 189,367 | 64.2 | 0% |
| 2015 | 6,075,501 | 404,066 | 5,671,435 | 214.3 | 0% |
| 2016 | 1,142,456 | 695,556 | 446,900 | 117.5 | 0% |
| 2017 | 3,342,527 | 889,951 | 2,452,576 | 136.6 | 0% |
| 2018 | 4,702,735 | 2,403,547 | 2,299,188 | 65.2 | 0% |
| 2019 | 3,361,119 | 3,865,594 | −504,475 | 34.9 | 0% |
| 2020 | 3,070,680 | 4,272,988 | −1,202,308 | 24.3 | 0% |
| 2021 | 3,595,324 | 3,874,372 | −279,048 | 29.2 | 0% |
| 2022 | 4,386,589 | 3,805,240 | 581,349 | 34.7 | 0% |
| 2023 | 4,309,510 | 3,788,117 | 521,393 | 39.1 | 0% |
In its most recent public year (2023), this organization brought in $521,393 more than it spent. Its reserves stood at about 39.1 months of spending, down from 55.7 in 2011. Staff pay was 0% of spending. $3,005,037 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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