Franklin News Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,614,542 | 6,672,066 | −57,524 | 0.9 | 0% |
| 2012 | 11,625,189 | 11,773,324 | −148,135 | 0.4 | 20% |
| 2013 | 8,118,913 | 8,678,265 | −559,352 | -0.2 | 34% |
| 2014 | 10,049,984 | 9,847,101 | 202,883 | 0.0 | 33% |
| 2015 | 8,816,029 | 7,057,535 | 1,758,494 | 3.0 | 39% |
| 2016 | 3,190,004 | 4,189,004 | −999,000 | 2.2 | 40% |
| 2017 | 1,377,091 | 1,668,152 | −291,061 | 3.5 | 46% |
| 2018 | 1,714,140 | 1,651,328 | 62,812 | 4.9 | 59% |
| 2019 | 2,298,543 | 2,034,659 | 263,884 | 5.2 | 0% |
| 2020 | 2,724,044 | 2,716,703 | 7,341 | 3.6 | 0% |
| 2021 | 3,339,789 | 3,487,208 | −147,419 | 1.9 | 0% |
| 2022 | 4,832,019 | 4,662,599 | 169,420 | 1.4 | 0% |
| 2023 | 4,816,686 | 5,314,892 | −498,206 | -0.4 | 51% |
In its most recent public year (2023), this organization spent $498,206 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), down from 0.9 in 2011. Staff pay was 51% of spending. $314,847 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
Franklin News Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works