Promesa Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 874,730 | 266,628 | 608,102 | 28.1 | 73% |
| 2020 | 555,488 | 493,925 | 61,563 | 16.6 | 45% |
| 2021 | 3,410,437 | 3,087,942 | 322,495 | 3.9 | 44% |
| 2022 | 4,982,980 | 4,649,817 | 333,163 | 3.5 | 47% |
| 2023 | 7,025,513 | 6,479,135 | 546,378 | 3.5 | 50% |
In its most recent public year (2023), this organization brought in $546,378 more than it spent. Its reserves stood at about 3.5 months of spending, down from 28.1 in 2019. Staff pay was 50% of spending. $311,075 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
Promesa Academy Inc'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