Farmington Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,610,590 | 1,599,438 | 11,152 | 3.9 | 51% |
| 2012 | 1,583,805 | 1,642,761 | −58,956 | 3.3 | 49% |
| 2013 | 1,555,835 | 1,568,733 | −12,898 | 3.4 | 46% |
| 2014 | 1,810,132 | 1,714,779 | 95,353 | 3.8 | 49% |
| 2015 | 2,016,409 | 2,006,387 | 10,022 | 3.3 | 46% |
| 2016 | 1,737,075 | 1,836,873 | −99,798 | 2.9 | 47% |
| 2017 | 1,523,244 | 1,698,984 | −175,740 | 1.9 | 49% |
| 2018 | 1,661,593 | 1,706,475 | −44,882 | 1.6 | 47% |
| 2019 | 1,815,040 | 1,778,457 | 36,583 | 1.8 | 47% |
| 2020 | 1,635,049 | 1,667,989 | −32,940 | 1.7 | 50% |
| 2021 | 1,857,315 | 1,857,303 | 12 | 1.5 | 42% |
| 2022 | 2,015,462 | 1,803,507 | 211,955 | 3.0 | 46% |
| 2023 | 2,152,500 | 2,135,711 | 16,789 | 4.1 | 48% |
| 2024 | 2,037,293 | 2,162,683 | −125,390 | 3.3 | 44% |
In its most recent public year (2024), this organization spent $125,390 more than it brought in. Its reserves stood at about 3.3 months of spending. Staff pay was 44% of spending. $6,900 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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