American Promise Education Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,177,958 | 778,159 | 399,799 | 14.9 | 50% |
| 2021 | 2,840,283 | 1,282,584 | 1,557,699 | 23.6 | 43% |
| 2022 | 1,245,160 | 1,726,302 | −481,142 | 11.8 | 45% |
| 2023 | 2,071,673 | 2,462,636 | −390,963 | 6.3 | 49% |
In its most recent public year (2023), this organization spent $390,963 more than it brought in. Its reserves stood at about 6.3 months of spending, down from 14.9 in 2020. Staff pay was 49% of spending. $405,244 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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