Promise Neighborhoods Of Lehigh Valley
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 514,739 | 534,226 | −19,487 | 3.7 | 51% |
| 2021 | 796,195 | 607,919 | 188,276 | 7.0 | 53% |
| 2022 | 826,068 | 1,023,885 | −197,817 | 1.8 | 37% |
| 2023 | 2,075,607 | 1,707,133 | 368,474 | 3.7 | 35% |
In its most recent public year (2023), this organization brought in $368,474 more than it spent. Its reserves stood at about 3.7 months of spending. Staff pay was 35% of spending. $20,000 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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