Puerto Rico Educational System Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 485,376 | 483,606 | 1,770 | -1.0 | 59% |
| 2022 | 517,971 | 710,327 | −192,356 | -3.9 | 0% |
| 2023 | 678,739 | 754,730 | −75,991 | -5.7 | 6% |
In its most recent public year (2023), this organization spent $75,991 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.7 months), down from -1 in 2021. Staff pay was 6% 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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