Propel Education Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,647,928 | 3,289,461 | 3,358,467 | 10.9 | 6% |
| 2021 | 5,167,306 | 4,185,931 | 981,375 | 11.4 | 7% |
| 2022 | 5,358,058 | 3,907,275 | 1,450,783 | 16.7 | 4% |
| 2023 | 10,595,939 | 6,858,680 | 3,737,259 | 16.0 | 59% |
In its most recent public year (2023), this organization brought in $3,737,259 more than it spent. Its reserves stood at about 16 months of spending, up from 10.9 in 2020. Staff pay was 59% 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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