Sankofa Freedom Academy Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,555,998 | 4,058,639 | 497,359 | 2.3 | 53% |
| 2012 | 5,574,391 | 5,272,037 | 302,354 | 2.4 | 52% |
| 2013 | 6,558,152 | 5,807,943 | 750,209 | 3.8 | 52% |
| 2014 | 7,507,624 | 7,628,540 | −120,916 | 2.7 | 54% |
| 2015 | 7,379,827 | 7,496,397 | −116,570 | 2.5 | 52% |
| 2016 | 7,702,315 | 7,687,248 | 15,067 | 2.5 | 48% |
| 2017 | 8,386,794 | 7,602,218 | 784,576 | 3.3 | 52% |
| 2018 | 8,519,234 | 8,561,116 | −41,882 | 3.2 | 49% |
| 2019 | 9,272,581 | 7,011,980 | 2,260,601 | 4.5 | 47% |
| 2020 | 10,161,998 | 7,437,698 | 2,724,300 | 6.1 | 62% |
| 2021 | 12,567,857 | 10,077,826 | 2,490,031 | 7.3 | 51% |
| 2022 | 13,867,579 | 11,648,423 | 2,219,156 | 7.0 | 50% |
| 2023 | 13,025,376 | 12,767,267 | 258,109 | 6.3 | 55% |
In its most recent public year (2023), this organization brought in $258,109 more than it spent. Its reserves stood at about 6.3 months of spending, up from 2.3 in 2011. Staff pay was 55% 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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