The Forman School Inc
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $24,660,003 | $20,265,361 | $4,394,642 | 20.7 | 40% |
| 2022 | $22,916,305 | $22,916,498 | −$193 | 17.5 | 38% |
| 2023 | $24,432,862 | $23,835,632 | $597,230 | 17.3 | 38% |
In its most recent public year (2023), this organization brought in $597,230 more than it spent. Its reserves stood at about 17.3 months of spending, down from 20.7 in 2021. Staff pay was 38% of spending. $11,738,030 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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