Place Of Promise Inc
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $754,791 | $340,711 | $414,080 | 42.2 | 58% |
| 2022 | $641,542 | $354,829 | $286,713 | 50.2 | 56% |
| 2023 | $494,800 | $386,007 | $108,793 | 49.5 | 57% |
In its most recent public year (2023), this organization brought in $108,793 more than it spent. Its reserves stood at about 49.5 months of spending, up from 42.2 in 2021. Staff pay was 57% of spending. $834 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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