Promise Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,758,226 | 2,679,053 | 1,079,173 | 7.5 | 0% |
| 2012 | 3,373,635 | 3,737,999 | −364,364 | 4.2 | 0% |
| 2013 | 3,843,780 | 3,638,337 | 205,443 | 5.0 | 0% |
| 2014 | 3,406,598 | 3,710,838 | −304,240 | 3.9 | 0% |
| 2015 | 2,824,473 | 3,579,942 | −755,469 | 1.5 | 0% |
| 2016 | 3,386,276 | 3,314,139 | 72,137 | 1.9 | 0% |
| 2017 | 2,435,443 | 2,766,895 | −331,452 | 0.9 | 0% |
| 2018 | 2,776,369 | 2,563,010 | 213,359 | 1.8 | 0% |
| 2019 | 1,981,970 | 1,839,528 | 142,442 | 3.5 | 35% |
| 2020 | 1,637,887 | 1,976,295 | −338,408 | 1.2 | 27% |
| 2021 | 1,485,068 | 1,933,867 | −448,799 | -1.6 | 32% |
| 2022 | 1,317,874 | 1,723,361 | −405,487 | -4.6 | 34% |
| 2023 | 1,291,191 | 1,544,624 | −253,433 | -7.1 | 36% |
In its most recent public year (2023), this organization spent $253,433 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.1 months), down from 7.5 in 2011. Staff pay was 36% of spending. $146,993 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
Promise Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works