Success Preparatory Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,312,394 | 5,961,812 | 350,582 | 3.3 | 55% |
| 2021 | 6,878,904 | 6,249,437 | 629,467 | 4.3 | 57% |
| 2022 | 7,661,479 | 7,728,107 | −66,628 | 3.4 | 50% |
| 2023 | 8,752,764 | 8,200,706 | 552,058 | 4.0 | 3% |
In its most recent public year (2023), this organization brought in $552,058 more than it spent. Its reserves stood at about 4 months of spending. Staff pay was 3% of spending. $70,526 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
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