Promise Arizona
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 513,888 | 388,225 | 125,663 | 3.9 | 44% |
| 2016 | 609,399 | 537,560 | 71,839 | 4.4 | 57% |
| 2017 | 1,071,199 | 974,495 | 96,704 | 3.6 | 30% |
| 2018 | 681,169 | 929,535 | −248,366 | 0.6 | 25% |
| 2019 | 1,163,125 | 1,193,805 | −30,680 | 0.2 | 22% |
| 2020 | 1,628,973 | 798,651 | 830,322 | 12.7 | 25% |
| 2021 | 370,639 | 486,672 | −116,033 | 18.0 | 44% |
| 2022 | 267,800 | 439,595 | −171,795 | 2.1 | 57% |
| 2023 | 293,942 | 360,705 | −66,763 | 0.3 | 54% |
In its most recent public year (2023), this organization spent $66,763 more than it brought in. Its reserves stood at about 0.3 months of spending, down from 3.9 in 2015. Staff pay was 54% 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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