French-American School Of Norfolk
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 341,838 | 358,883 | −17,045 | 2.9 | 77% |
| 2021 | 364,535 | 345,814 | 18,721 | 3.7 | 81% |
| 2022 | 338,395 | 335,811 | 2,584 | 3.9 | 82% |
| 2023 | 350,750 | 387,953 | −37,203 | 2.2 | 78% |
In its most recent public year (2023), this organization spent $37,203 more than it brought in. Its reserves stood at about 2.2 months of spending. Staff pay was 78% of spending.
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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