Lorain Bilingual Preparatory Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 955,546 | 1,288,290 | −332,744 | -3.1 | 39% |
| 2020 | 1,768,255 | 2,010,887 | −242,632 | -3.4 | 35% |
| 2021 | 2,787,866 | 2,577,505 | 210,361 | -1.7 | 33% |
| 2022 | 3,617,229 | 2,994,022 | 623,207 | 1.0 | 36% |
| 2023 | 3,719,889 | 3,761,902 | −42,013 | 0.7 | 36% |
In its most recent public year (2023), this organization spent $42,013 more than it brought in. Its reserves stood at about 0.7 months of spending, up from -3.1 in 2019. Staff pay was 36% of spending.
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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