Valence College Preparatory Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,204,863 | 2,449,716 | 755,147 | 5.0 | 44% |
| 2021 | 5,524,771 | 4,315,101 | 1,209,670 | 6.2 | 44% |
| 2022 | 9,373,511 | 9,570,241 | −196,730 | 2.6 | 36% |
| 2023 | 11,605,777 | 12,569,997 | −964,220 | 1.0 | 40% |
In its most recent public year (2023), this organization spent $964,220 more than it brought in. Its reserves stood at about 1 months of spending, down from 5 in 2020. Staff pay was 40% 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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