Propel Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,169,724 | 355,233 | 814,491 | 28.3 | 54% |
| 2020 | 6,199,770 | 2,166,571 | 4,033,199 | 27.0 | 44% |
| 2021 | 28,965,281 | 11,271,210 | 17,694,071 | 24.0 | 32% |
| 2022 | 731,270 | 8,815,698 | −8,084,428 | 39.6 | 34% |
| 2023 | 12,655,421 | 17,868,201 | −5,212,780 | 16.0 | 36% |
In its most recent public year (2023), this organization spent $5,212,780 more than it brought in. Its reserves stood at about 16 months of spending, down from 28.3 in 2019. Staff pay was 36% of spending. $22,594,963 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
Propel Education'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