Freedom Arts And Education Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 102,243 | 100,439 | 1,804 | 3.6 | — |
| 2020 | 125,647 | 103,054 | 22,593 | 6.0 | — |
| 2021 | 220,616 | 248,425 | −27,809 | 1.2 | 35% |
| 2022 | 150,963 | 172,593 | −21,630 | 0.2 | 36% |
| 2023 | 216,773 | 214,308 | 2,465 | 0.3 | 52% |
In its most recent public year (2023), this organization brought in $2,465 more than it spent. Its reserves stood at about 0.3 months of spending, down from 3.6 in 2019. Staff pay was 52% 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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