Urban Prep Academies
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 11,715,247 | 8,902,804 | 2,812,443 | 1.7 | 60% |
| 2022 | 9,860,483 | 9,957,188 | −96,705 | 1.0 | 70% |
| 2023 | 8,277,718 | 9,185,331 | −907,613 | -0.1 | 55% |
In its most recent public year (2023), this organization spent $907,613 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.1 months), down from 1.7 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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