Merit Preparatory Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,591,387 | 2,434,180 | 157,207 | 0.1 | 25% |
| 2012 | 4,265,109 | 3,888,925 | 376,184 | 1.2 | 22% |
| 2013 | 4,476,744 | 4,344,963 | 131,781 | 1.5 | 22% |
| 2014 | 3,513,736 | 3,557,551 | −43,815 | 1.7 | 37% |
| 2015 | 3,586,041 | 3,492,996 | 93,045 | 2.0 | 38% |
| 2016 | 2,870,894 | 3,593,449 | −722,555 | -0.5 | 40% |
| 2017 | 3,216,284 | 3,565,557 | −349,273 | -1.6 | 43% |
| 2018 | 3,609,848 | 3,932,992 | −323,144 | -2.5 | 42% |
| 2019 | 4,679,644 | 4,110,423 | 569,221 | -0.7 | 45% |
| 2020 | 4,506,213 | 4,543,000 | −36,787 | -0.4 | 49% |
| 2021 | 4,674,438 | 4,609,131 | 65,307 | -1.4 | 52% |
| 2022 | 5,333,251 | 4,687,008 | 646,243 | 0.3 | 49% |
| 2023 | 5,756,187 | 5,282,063 | 474,124 | 1.3 | 49% |
In its most recent public year (2023), this organization brought in $474,124 more than it spent. Its reserves stood at about 1.3 months of spending, up from 0.1 in 2011. Staff pay was 49% of spending. $1,429,101 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 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
Merit Preparatory Academy's IRS filings as a feed — one entry per filing year, through 2023. 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