Franklin University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 81,557,070 | 86,309,364 | −4,752,294 | 14.9 | 48% |
| 2021 | 78,032,450 | 72,598,140 | 5,434,310 | 20.4 | 51% |
| 2022 | 89,948,897 | 88,006,200 | 1,942,697 | 14.8 | 45% |
| 2023 | 87,653,191 | 88,484,231 | −831,040 | 14.7 | 46% |
In its most recent public year (2023), this organization spent $831,040 more than it brought in. Its reserves stood at about 14.7 months of spending. Staff pay was 46% of spending. $9,764,878 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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