Franklin Academy Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,081,948 | 6,825,519 | 256,429 | -7.5 | 42% |
| 2012 | 7,187,013 | 7,220,883 | −33,870 | -5.7 | 42% |
| 2013 | 7,315,927 | 7,224,036 | 91,891 | -4.5 | 43% |
| 2014 | 8,065,837 | 8,045,546 | 20,291 | -4.0 | 42% |
| 2015 | 6,816,576 | 6,830,363 | −13,787 | -4.8 | 43% |
| 2016 | 7,097,902 | 6,797,801 | 300,101 | -4.2 | 43% |
| 2017 | 6,671,854 | 6,922,368 | −250,514 | -4.6 | 43% |
| 2018 | 6,689,342 | 7,154,342 | −465,000 | -5.2 | 42% |
| 2019 | 7,797,679 | 7,251,746 | 545,933 | -4.3 | 42% |
| 2020 | 7,234,432 | 7,111,771 | 122,661 | -4.1 | 43% |
| 2021 | 7,416,320 | 7,245,432 | 170,888 | -3.8 | 42% |
| 2022 | 7,524,694 | 7,667,583 | −142,889 | -3.8 | 43% |
| 2023 | 8,463,405 | 8,391,318 | 72,087 | -3.4 | 42% |
In its most recent public year (2023), this organization brought in $72,087 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3.4 months), up from -7.5 in 2011. Staff pay was 42% of spending. $92,413 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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