Progeny Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 119,919 | 124,045 | −4,126 | -0.4 | 65% |
| 2020 | 1,020,093 | 1,064,940 | −44,847 | -0.6 | 41% |
| 2021 | 1,058,004 | 1,174,890 | −116,886 | -1.1 | 30% |
| 2022 | 1,436,989 | 1,395,081 | 41,908 | -0.9 | 26% |
| 2023 | 1,563,642 | 1,463,424 | 100,218 | 0.1 | 24% |
In its most recent public year (2023), this organization brought in $100,218 more than it spent. Its reserves stood at about 0.1 months of spending. Staff pay was 24% 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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