Lifeprep Education System Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 246,382 | 186,350 | 60,032 | 3.0 | 38% |
| 2021 | 1,099,397 | 1,011,845 | 87,552 | 1.6 | 39% |
| 2022 | 1,236,450 | 1,580,403 | −343,953 | -1.6 | 39% |
| 2023 | 1,978,364 | 2,266,049 | −287,685 | -2.6 | 47% |
In its most recent public year (2023), this organization spent $287,685 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.6 months), down from 3 in 2020. Staff pay was 47% 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
Lifeprep Education System 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