Freire Charter School Wilmington Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 102,415 | 98,183 | 4,232 | 0.5 | 0% |
| 2016 | 3,022,833 | 2,647,664 | 375,169 | 1.7 | 24% |
| 2017 | 4,375,718 | 4,194,538 | 181,180 | 1.6 | 29% |
| 2018 | 6,327,969 | 6,070,853 | 257,116 | -5.6 | 31% |
| 2019 | 7,195,908 | 6,921,925 | 273,983 | -7.4 | 34% |
| 2020 | 7,936,233 | 7,421,167 | 515,066 | -8.2 | 36% |
| 2021 | 8,099,882 | 7,615,924 | 483,958 | -9.3 | 37% |
| 2022 | 9,268,900 | 10,546,449 | −1,277,549 | -8.0 | 29% |
| 2023 | 9,659,405 | 11,224,806 | −1,565,401 | -9.2 | 2% |
In its most recent public year (2023), this organization spent $1,565,401 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9.2 months), down from 0.5 in 2015. Staff pay was 2% 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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