Promise Academy Spring Hill
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,695,404 | 1,520,659 | 174,745 | 1.4 | 47% |
| 2016 | 2,097,536 | 1,954,845 | 142,691 | 1.9 | 47% |
| 2017 | 2,833,180 | 2,844,497 | −11,317 | 1.3 | 43% |
| 2018 | 3,752,712 | 3,613,174 | 139,538 | 1.5 | 45% |
| 2019 | 4,672,171 | 4,598,678 | 73,493 | 1.4 | 49% |
| 2020 | 4,677,678 | 4,412,538 | 265,140 | 2.1 | 53% |
| 2021 | 5,000,726 | 4,415,172 | 585,554 | 3.7 | 48% |
| 2022 | 6,059,655 | 5,800,673 | 258,982 | 3.4 | 46% |
In its most recent public year (2022), this organization brought in $258,982 more than it spent. Its reserves stood at about 3.4 months of spending, up from 1.4 in 2015. Staff pay was 46% of spending. $371,635 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 2022. 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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