Prospect Business Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 41,135 | 29,230 | 11,905 | 8.9 | — |
| 2020 | 106,367 | 64,251 | 42,116 | 11.4 | — |
| 2021 | 743,886 | 286,275 | 457,611 | 21.7 | 52% |
| 2022 | 198,488 | 422,690 | −224,202 | 9.7 | 52% |
In its most recent public year (2022), this organization spent $224,202 more than it brought in. Its reserves stood at about 9.7 months of spending. Staff pay was 52% 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 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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