AI Transparency Report
Prince Avenue Christian School demonstrates strong financial growth and appears to be in a healthy financial position. Over the past decade, the organization has seen its revenue increase significantly, from $7.3 million in 2014 to over $20 million in 2023. This growth is also reflected in its assets, which have grown from $4.9 million to $22.4 million in the same period. The school consistently operates with a surplus, as evidenced by its revenues generally exceeding expenses, particularly in the most recent filing where revenue was $20,042,034 against expenses of $11,026,965. This substantial surplus indicates effective financial management and the ability to reinvest in its mission or build reserves.
The organization's spending efficiency is commendable, with a significant portion of its expenses likely directed towards its educational programs. While a detailed functional expense breakdown is not provided in the summary data, the consistent operational surpluses suggest that core program delivery is well-funded. The absence of reported officer compensation across all filings indicates a commitment to directing resources towards the school's operations rather than executive salaries, which is a positive sign for donors and stakeholders. The organization's transparency is enhanced by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities.