Empower College Prep
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 91,163 | 76,895 | 14,268 | 2.2 | — |
| 2013 | 950,899 | 815,023 | 135,876 | 2.2 | 36% |
| 2014 | 2,052,444 | 1,874,133 | 178,311 | 2.1 | 41% |
| 2015 | 3,606,310 | 3,361,743 | 244,567 | 2.0 | 42% |
| 2016 | 4,990,859 | 4,637,229 | 353,630 | 2.4 | 46% |
| 2017 | 6,180,255 | 5,887,464 | 292,791 | 2.5 | 45% |
| 2018 | 7,267,468 | 6,865,990 | 401,478 | 2.8 | 47% |
| 2019 | 7,147,922 | 6,807,274 | 340,648 | 3.5 | 52% |
| 2020 | 7,961,868 | 7,779,197 | 182,671 | 3.3 | 52% |
| 2021 | 10,827,428 | 10,724,906 | 102,522 | 2.5 | 47% |
| 2022 | 13,895,529 | 12,498,530 | 1,396,999 | 3.5 | 48% |
| 2023 | 17,810,869 | 14,014,768 | 3,796,101 | 6.4 | 51% |
In its most recent public year (2023), this organization brought in $3,796,101 more than it spent. Its reserves stood at about 6.4 months of spending, up from 2.2 in 2012. Staff pay was 51% of spending. $55,443 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
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