Richard Allen Preparatory Charter School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,282,456 | 5,975,195 | 1,307,261 | -8.4 | 57% |
| 2021 | 7,576,630 | 5,960,529 | 1,616,101 | -5.2 | 58% |
| 2022 | 7,855,886 | 6,508,537 | 1,347,349 | -2.3 | 54% |
| 2023 | 7,986,506 | 7,038,063 | 948,443 | -0.4 | 55% |
In its most recent public year (2023), this organization brought in $948,443 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), up from -8.4 in 2020. 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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