New Foundations Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,446,195 | 8,046,061 | 400,134 | 3.8 | 46% |
| 2012 | 10,539,853 | 9,921,490 | 618,363 | 3.8 | 44% |
| 2013 | 11,730,925 | 11,353,441 | 377,484 | 3.7 | 43% |
| 2014 | 14,561,037 | 13,618,265 | 942,772 | 3.9 | 42% |
| 2015 | 14,804,223 | 15,184,889 | −380,666 | -7.7 | 38% |
| 2016 | 16,145,532 | 16,180,631 | −35,099 | -7.2 | 40% |
| 2017 | 17,006,610 | 17,218,828 | −212,218 | -6.9 | 39% |
| 2018 | 18,851,172 | 19,097,891 | −246,719 | -7.0 | 38% |
| 2019 | 20,054,787 | 18,784,065 | 1,270,722 | -7.5 | 43% |
| 2020 | 21,727,743 | 18,808,338 | 2,919,405 | -5.7 | 47% |
| 2021 | 23,202,828 | 19,959,301 | 3,243,527 | -3.2 | 48% |
| 2022 | 26,169,943 | 22,798,538 | 3,371,405 | -1.1 | 48% |
| 2023 | 28,862,542 | 28,325,537 | 537,005 | -0.6 | 46% |
In its most recent public year (2023), this organization brought in $537,005 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.6 months), down from 3.8 in 2011. Staff pay was 46% of spending. $762,776 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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