Promise Christian Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,347,788 | 861,609 | 486,179 | 59.8 | 55% |
| 2020 | 1,598,916 | 1,037,484 | 561,432 | 56.2 | 47% |
| 2021 | 1,609,009 | 1,006,889 | 602,120 | 65.0 | 46% |
| 2022 | 1,257,439 | 1,090,333 | 167,106 | 61.9 | 45% |
| 2023 | 1,300,515 | 1,129,906 | 170,609 | 61.5 | 50% |
In its most recent public year (2023), this organization brought in $170,609 more than it spent. Its reserves stood at about 61.5 months of spending, up from 59.8 in 2019. Staff pay was 50% 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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