The Freedom Academy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,275,293 | 4,138,479 | 136,814 | -1.3 | 49% |
| 2012 | 4,425,914 | 4,376,377 | 49,537 | -1.1 | 51% |
| 2013 | 4,955,533 | 4,801,907 | 153,626 | -0.6 | 51% |
| 2014 | 6,152,248 | 6,238,218 | −85,970 | -0.6 | 49% |
| 2015 | 7,014,671 | 7,218,381 | −203,710 | -0.9 | 51% |
| 2016 | 8,213,677 | 8,206,673 | 7,004 | -0.8 | 46% |
| 2017 | 9,802,440 | 10,736,480 | −934,040 | -1.6 | 46% |
| 2018 | 11,954,113 | 13,415,845 | −1,461,732 | -2.6 | 43% |
| 2019 | 15,331,123 | 15,868,680 | −537,557 | -2.6 | 44% |
| 2020 | 16,301,229 | 17,108,041 | −806,812 | -3.0 | 39% |
| 2021 | 19,577,542 | 20,277,491 | −699,949 | -2.9 | 38% |
| 2022 | 22,213,905 | 23,746,975 | −1,533,070 | -3.3 | 1% |
| 2023 | 26,434,172 | 25,241,120 | 1,193,052 | -2.5 | 39% |
In its most recent public year (2023), this organization brought in $1,193,052 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.5 months), down from -1.3 in 2011. Staff pay was 39% 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
The Freedom Academy Foundation'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