Futuro Academy Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 826,092 | 153,271 | 672,821 | 52.7 | 0% |
| 2018 | 1,355,087 | 1,766,960 | −411,873 | 1.8 | 28% |
| 2019 | 2,515,708 | 2,786,240 | −270,532 | -0.0 | 31% |
| 2020 | 3,223,865 | 3,227,817 | −3,952 | -0.1 | 38% |
| 2021 | 4,245,726 | 4,015,186 | 230,540 | 0.6 | 37% |
| 2022 | 5,415,455 | 5,408,843 | 6,612 | 0.5 | 39% |
| 2023 | 5,360,916 | 6,252,945 | −892,029 | -1.3 | 36% |
In its most recent public year (2023), this organization spent $892,029 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.3 months), down from 52.7 in 2017. Staff pay was 36% of spending. $75,402 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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