Mlc Preparatory Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 347,951 | 352,041 | −4,090 | 1.0 | 45% |
| 2017 | 298,508 | 321,595 | −23,087 | 0.2 | 31% |
| 2018 | 251,855 | 311,514 | −59,659 | -4.3 | 32% |
| 2019 | 253,728 | 277,458 | −23,730 | -5.8 | 36% |
| 2020 | 306,350 | 293,373 | 12,977 | -4.9 | 41% |
| 2021 | 400,809 | 339,600 | 61,209 | -2.0 | 40% |
| 2022 | 451,999 | 464,842 | −12,843 | -1.9 | 43% |
| 2023 | 80,785 | 245,597 | −164,812 | -11.7 | 40% |
In its most recent public year (2023), this organization spent $164,812 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-11.7 months), down from 1 in 2016. Staff pay was 40% 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
Mlc Preparatory Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works