Third Future Schools
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 931,074 | 572,506 | 358,568 | 7.5 | 0% |
| 2018 | 5,100,113 | 10,371,187 | −5,271,074 | -16.8 | 22% |
| 2019 | 11,091,700 | 11,560,212 | −468,512 | -4.8 | 38% |
| 2020 | 15,071,081 | 20,616,798 | −5,545,717 | -5.9 | 32% |
| 2021 | 21,257,666 | 20,112,809 | 1,144,857 | -5.6 | 40% |
| 2022 | 23,287,705 | 22,831,173 | 456,532 | -4.7 | 43% |
| 2023 | 27,449,276 | 32,777,249 | −5,327,973 | -5.8 | 39% |
| 2024 | 28,566,028 | 32,919,433 | −4,353,405 | -7.4 | 33% |
In its most recent public year (2024), this organization spent $4,353,405 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.4 months), down from 7.5 in 2017. Staff pay was 33% 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 2024. 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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