Preparatory Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 10,696 | 6,878 | 3,818 | 6.7 | — |
| 2016 | 20,524 | 21,875 | −1,351 | 1.4 | — |
| 2017 | 5,709 | 7,996 | −2,287 | 0.3 | — |
| 2018 | 22,227 | 20,300 | 1,927 | 1.2 | — |
| 2019 | 14,555 | 15,997 | −1,442 | 0.5 | — |
| 2020 | 10,870 | 11,261 | −391 | 0.3 | — |
| 2021 | 12,715 | 25,552 | −12,837 | -5.9 | — |
| 2022 | 37,715 | 37,027 | 688 | -3.9 | — |
| 2023 | 51,734 | 54,979 | −3,245 | -3.3 | — |
| 2024 | 80,524 | 80,511 | 13 | -2.3 | — |
In its most recent public year (2024), this organization brought in $13 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.3 months), down from 6.7 in 2015.
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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