Precious Blessings Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 255,975 | 221,384 | 34,591 | 2.1 | 12% |
| 2021 | 317,853 | 471,335 | −153,482 | -2.9 | 23% |
| 2022 | 234,355 | 368,146 | −133,791 | -8.1 | 17% |
In its most recent public year (2022), this organization spent $133,791 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.1 months), down from 2.1 in 2020. Staff pay was 17% 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 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
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