Purchase College Advancement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 500,000 | 608,851 | −108,851 | -3.9 | 0% |
| 2017 | 1,850,000 | 1,695,427 | 154,573 | -0.3 | 0% |
| 2018 | 1,300,000 | 1,428,479 | −128,479 | -1.5 | 0% |
| 2019 | 298,453 | 142 | 298,311 | 23778.3 | 0% |
| 2020 | 9,881 | 107 | 9,774 | 32652.4 | 0% |
| 2021 | 0 | 106 | −106 | 32948.5 | 0% |
| 2022 | 0 | 100 | −100 | 2434913.4 | 0% |
| 2023 | 0 | 19,293 | −19,293 | 12442.8 | 0% |
In its most recent public year (2023), this organization spent $19,293 more than it brought in. Its reserves stood at about 12442.8 months of spending, up from -3.9 in 2016. Staff pay was 0% of spending. $19,466,666 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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