Provident Commonwealth Education Resources Ii
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 27,922,696 | 0 | 27,922,696 | — | — |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 1,406,088 | 4,908,250 | −3,502,162 | -8.6 | 2% |
| 2021 | 6,407,611 | 13,808,408 | −7,400,797 | -9.5 | 1% |
| 2022 | 9,957,848 | 14,491,488 | −4,533,640 | -12.8 | 1% |
In its most recent public year (2022), this organization spent $4,533,640 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.8 months). Staff pay was 1% 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 2022. 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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