Worcester Preparatory School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 8,258,636 | 7,782,624 | 476,012 | 21.4 | 59% |
| 2020 | 8,296,380 | 7,448,150 | 848,230 | 23.8 | 57% |
| 2021 | 8,151,501 | 6,814,004 | 1,337,497 | 29.0 | 62% |
| 2022 | 7,943,291 | 7,314,817 | 628,474 | 26.8 | 59% |
| 2023 | 9,264,856 | 8,434,641 | 830,215 | 25.2 | 56% |
In its most recent public year (2023), this organization brought in $830,215 more than it spent. Its reserves stood at about 25.2 months of spending, up from 21.4 in 2019. Staff pay was 56% of spending. $783,211 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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