Praise Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 595,593 | 430,360 | 165,233 | 4.7 | 19% |
| 2019 | 618,163 | 509,631 | 108,532 | 6.5 | 16% |
| 2020 | 564,921 | 512,576 | 52,345 | 7.7 | 40% |
| 2021 | 827,546 | 580,245 | 247,301 | 11.9 | 40% |
| 2022 | 667,626 | 575,915 | 91,711 | 13.9 | 47% |
| 2023 | 680,186 | 472,744 | 207,442 | 22.4 | 62% |
In its most recent public year (2023), this organization brought in $207,442 more than it spent. Its reserves stood at about 22.4 months of spending, up from 4.7 in 2018. Staff pay was 62% of spending. $117,487 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
Praise 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