Freeman Academy & Freeman Junior College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,368,963 | 1,202,722 | 166,241 | 42.6 | 46% |
| 2012 | 1,707,165 | 1,378,248 | 328,917 | 39.9 | 42% |
| 2013 | 1,436,309 | 1,472,618 | −36,309 | 37.1 | 45% |
| 2014 | 1,498,010 | 1,505,541 | −7,531 | 36.7 | 47% |
| 2015 | 1,452,909 | 1,490,035 | −37,126 | 36.5 | 49% |
| 2016 | 1,570,724 | 1,538,537 | 32,187 | 35.4 | 50% |
| 2018 | 1,682,715 | 1,682,891 | −176 | 34.4 | 48% |
| 2019 | 1,672,768 | 1,611,279 | 61,489 | 36.3 | 52% |
| 2020 | 1,385,398 | 1,753,661 | −368,263 | 30.6 | 53% |
| 2021 | 2,474,589 | 2,418,120 | 56,469 | 23.4 | 41% |
| 2022 | 2,194,568 | 1,943,618 | 250,950 | 29.3 | 53% |
| 2023 | 2,003,178 | 2,321,120 | −317,942 | 23.8 | 46% |
In its most recent public year (2023), this organization spent $317,942 more than it brought in. Its reserves stood at about 23.8 months of spending, down from 42.6 in 2011. Staff pay was 46% of spending. $794,890 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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