Gem Prep Meridian South
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 168,000 | 3,968 | 164,032 | 496.1 | 0% |
| 2022 | 673,683 | 1,045,972 | −372,289 | -2.4 | 9% |
| 2023 | 2,780,569 | 2,513,946 | 266,623 | 1.6 | 38% |
| 2024 | 4,177,606 | 3,980,229 | 197,377 | 1.6 | 42% |
In its most recent public year (2024), this organization brought in $197,377 more than it spent. Its reserves stood at about 1.6 months of spending, down from 496.1 in 2021. Staff pay was 42% of spending. $683,510 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 2024. 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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