Birmingham Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,281,035 | 47,671 | 2,233,364 | 562.2 | 40% |
| 2020 | 4,126,773 | 1,291,130 | 2,835,643 | 47.1 | 21% |
| 2021 | 8,427,108 | 3,232,678 | 5,194,430 | 38.1 | 14% |
| 2022 | 6,387,834 | 4,823,104 | 1,564,730 | 29.4 | 19% |
| 2023 | 7,953,999 | 7,059,264 | 894,735 | 21.6 | 19% |
In its most recent public year (2023), this organization brought in $894,735 more than it spent. Its reserves stood at about 21.6 months of spending, down from 562.2 in 2019. Staff pay was 19% of spending. $12,722,899 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
Birmingham Promise 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