Prelude Preparatory Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 494,039 | 179,604 | 314,435 | 21.0 | 54% |
| 2022 | 1,971,613 | 1,852,179 | 119,434 | 2.8 | 24% |
| 2023 | 1,535,805 | 2,267,310 | −731,505 | -1.6 | 32% |
In its most recent public year (2023), this organization spent $731,505 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.6 months), down from 21 in 2021. Staff pay was 32% of spending. $54,194 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
Prelude Preparatory 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