Preschool Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,970,715 | 5,799,989 | 170,726 | 1.0 | 18% |
| 2021 | 8,117,368 | 6,920,007 | 1,197,361 | 2.9 | 18% |
| 2022 | 10,487,242 | 10,921,024 | −433,782 | 1.3 | 19% |
| 2023 | 12,379,117 | 12,537,531 | −158,414 | 1.0 | 20% |
In its most recent public year (2023), this organization spent $158,414 more than it brought in. Its reserves stood at about 1 months of spending. Staff pay was 20% of spending. $612,445 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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