Reach Prep Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,694,257 | 2,021,046 | −326,789 | 22.4 | 53% |
| 2021 | 1,585,034 | 2,006,826 | −421,792 | 21.8 | 57% |
| 2022 | 1,913,604 | 1,927,858 | −14,254 | 21.5 | 55% |
| 2023 | 1,501,246 | 2,108,290 | −607,044 | 16.7 | 56% |
In its most recent public year (2023), this organization spent $607,044 more than it brought in. Its reserves stood at about 16.7 months of spending, down from 22.4 in 2020. Staff pay was 56% of spending. $385,513 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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