Progress In Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,186,845 | 7,045,743 | 141,102 | 5.5 | 56% |
| 2021 | 8,804,306 | 7,342,447 | 1,461,859 | 7.6 | 52% |
| 2022 | 8,502,608 | 8,073,311 | 429,297 | 7.6 | 53% |
| 2023 | 9,826,682 | 9,760,162 | 66,520 | 6.4 | 49% |
In its most recent public year (2023), this organization brought in $66,520 more than it spent. Its reserves stood at about 6.4 months of spending. Staff pay was 49% 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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