Gem Prep Meridian Llc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 503,622 | 464 | 503,158 | 13012.7 | 0% |
| 2019 | 2,349,833 | 2,333,178 | 16,655 | 2.7 | 35% |
| 2020 | 3,680,719 | 3,334,824 | 345,895 | 3.9 | 36% |
| 2021 | 4,807,204 | 3,654,810 | 1,152,394 | 7.3 | 36% |
| 2022 | 4,573,466 | 4,073,970 | 499,496 | 8.0 | 40% |
| 2023 | 4,384,782 | 4,210,579 | 174,203 | 8.3 | 43% |
| 2024 | 5,785,869 | 4,643,841 | 1,142,028 | 10.5 | 45% |
In its most recent public year (2024), this organization brought in $1,142,028 more than it spent. Its reserves stood at about 10.5 months of spending, down from 13012.7 in 2018. Staff pay was 45% of spending. $564,917 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 2024. 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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