Memphis College Preparatory School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 941,006 | 902,959 | 38,047 | 5.9 | 55% |
| 2012 | 1,310,746 | 1,346,561 | −35,815 | 3.6 | 53% |
| 2013 | 1,834,532 | 1,870,792 | −36,260 | 2.4 | 57% |
| 2014 | 2,231,421 | 2,115,326 | 116,095 | 2.8 | 58% |
| 2015 | 2,835,276 | 2,525,439 | 309,837 | 2.4 | 60% |
| 2016 | 3,770,736 | 2,800,626 | 970,110 | 7.7 | 73% |
| 2017 | 3,329,773 | 3,120,302 | 209,471 | 7.7 | 60% |
| 2018 | 3,221,358 | 2,797,553 | 423,805 | 10.4 | 64% |
| 2019 | 2,838,226 | 2,858,511 | −20,285 | 10.1 | 65% |
| 2020 | 2,935,408 | 2,761,486 | 173,922 | 11.2 | 64% |
| 2021 | 3,903,186 | 3,680,486 | 222,700 | 9.1 | 3% |
| 2022 | 3,371,309 | 4,021,714 | −650,405 | 6.4 | 52% |
| 2023 | 4,969,595 | 3,836,657 | 1,132,938 | 10.3 | 50% |
In its most recent public year (2023), this organization brought in $1,132,938 more than it spent. Its reserves stood at about 10.3 months of spending, up from 5.9 in 2011. Staff pay was 50% of spending. $333,379 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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