Freedom Trail Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 346,412 | 771,187 | −424,775 | 49.6 | 42% |
| 2021 | 689,813 | 681,169 | 8,644 | 62.4 | 54% |
| 2022 | 1,367,604 | 1,026,626 | 340,978 | 38.8 | 51% |
| 2023 | 1,712,032 | 1,205,401 | 506,631 | 41.9 | 57% |
In its most recent public year (2023), this organization brought in $506,631 more than it spent. Its reserves stood at about 41.9 months of spending, down from 49.6 in 2020. Staff pay was 57% of spending. $59,425 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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