Promise Resource Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 449,917 | 351,947 | 97,970 | 3.3 | 56% |
| 2015 | 1,086,165 | 1,054,780 | 31,385 | 1.5 | 64% |
| 2016 | 1,628,266 | 1,415,985 | 212,281 | 1.4 | 81% |
| 2017 | 1,643,764 | 1,718,874 | −75,110 | 0.6 | 67% |
| 2018 | 1,763,584 | 1,715,671 | 47,913 | 1.0 | 61% |
| 2020 | 1,803,186 | 1,793,479 | 9,707 | 0.9 | 63% |
| 2021 | 3,268,532 | 2,506,554 | 761,978 | 4.3 | 51% |
| 2022 | 4,126,158 | 4,255,135 | −128,977 | 2.9 | 44% |
| 2023 | 4,071,307 | 4,103,104 | −31,797 | 2.9 | 49% |
In its most recent public year (2023), this organization spent $31,797 more than it brought in. Its reserves stood at about 2.9 months of spending. Staff pay was 49% 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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