Precious Promise Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,829,567 | 1,601,224 | 228,343 | 8.5 | 60% |
| 2020 | 1,449,168 | 1,352,415 | 96,753 | 11.0 | 61% |
| 2021 | 2,000,943 | 1,451,459 | 549,484 | 14.8 | 53% |
| 2022 | 2,396,901 | 2,112,611 | 284,290 | 11.7 | 49% |
| 2023 | 3,038,993 | 2,586,610 | 452,383 | 11.9 | 53% |
In its most recent public year (2023), this organization brought in $452,383 more than it spent. Its reserves stood at about 11.9 months of spending, up from 8.5 in 2019. Staff pay was 53% 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 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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