Promise Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,726,180 | 3,678,917 | 47,263 | 0.8 | 57% |
| 2012 | 4,069,196 | 3,895,896 | 173,300 | 1.3 | 56% |
| 2013 | 4,422,912 | 4,095,738 | 327,174 | 2.2 | 55% |
| 2014 | 4,567,777 | 4,608,173 | −40,396 | 1.9 | 54% |
| 2015 | 4,802,415 | 4,473,490 | 328,925 | 1.0 | 55% |
| 2016 | 4,590,209 | 4,412,410 | 177,799 | 1.5 | 55% |
| 2017 | 4,670,597 | 4,426,456 | 244,141 | 2.1 | 55% |
| 2018 | 4,648,895 | 4,534,681 | 114,214 | 3.8 | 5% |
| 2019 | 5,177,346 | 4,890,430 | 286,916 | 4.2 | 5% |
| 2020 | 4,883,444 | 4,879,997 | 3,447 | 4.2 | 5% |
| 2021 | 5,120,394 | 4,485,883 | 634,511 | 8.0 | 55% |
| 2022 | 6,428,391 | 5,692,124 | 736,267 | 7.9 | 52% |
In its most recent public year (2022), this organization brought in $736,267 more than it spent. Its reserves stood at about 7.9 months of spending, up from 0.8 in 2011. Staff pay was 52% of spending. $2,135,391 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 2022. 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
Promise Academy's IRS filings as a feed — one entry per filing year, through 2022. 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