Foundation Academy Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 19,355,944 | 17,762,072 | 1,593,872 | 4.8 | 50% |
| 2021 | 21,345,321 | 19,876,625 | 1,468,696 | 5.2 | 47% |
| 2022 | 21,687,703 | 20,837,506 | 850,197 | 5.0 | 47% |
| 2023 | 23,642,745 | 22,025,800 | 1,616,945 | 5.7 | 53% |
In its most recent public year (2023), this organization brought in $1,616,945 more than it spent. Its reserves stood at about 5.7 months of spending. Staff pay was 53% of spending. $22,574 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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