Promise Residential Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 30,170 | 36,866 | −6,696 | 39.5 | — |
| 2021 | 31,943 | 21,178 | 10,765 | 74.8 | — |
| 2022 | 34,510 | 12,154 | 22,356 | 152.4 | — |
| 2023 | 30,965 | 32,204 | −1,239 | 57.1 | — |
In its most recent public year (2023), this organization spent $1,239 more than it brought in. Its reserves stood at about 57.1 months of spending, up from 39.5 in 2020.
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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