Academic Board Of Trustees Of Franklin Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 111,721 | 105,009 | 6,712 | 193.5 | 0% |
| 2012 | 90,711 | 103,061 | −12,350 | 188.6 | 0% |
| 2013 | 213,405 | 78,772 | 134,633 | 267.3 | 0% |
| 2014 | 605,491 | 105,985 | 499,506 | 255.2 | 0% |
| 2015 | 108,005 | 115,791 | −7,786 | 232.8 | 0% |
| 2016 | 45,999 | 187,234 | −141,235 | 134.9 | 0% |
| 2017 | 224,259 | 100,883 | 123,376 | 265.0 | 0% |
| 2018 | 147,896 | 131,768 | 16,128 | 204.4 | 0% |
| 2019 | 244,192 | 153,492 | 90,700 | 182.6 | 0% |
| 2020 | 241,850 | 131,424 | 110,426 | 223.3 | 0% |
| 2021 | 590,784 | 121,292 | 469,492 | 288.4 | 0% |
| 2022 | 69,794 | 289,028 | −219,234 | 111.9 | 0% |
| 2023 | 63,515 | 202,827 | −139,312 | 151.2 | 0% |
In its most recent public year (2023), this organization spent $139,312 more than it brought in. Its reserves stood at about 151.2 months of spending, down from 193.5 in 2011. Staff pay was 0% 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
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