The Franklin Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,000,087 | 2,557,718 | 1,442,369 | 30.8 | 2% |
| 2012 | 4,140,348 | 3,000,500 | 1,139,848 | 30.8 | 55% |
| 2013 | 3,607,146 | 3,161,283 | 445,863 | 31.0 | 55% |
| 2014 | 3,590,913 | 3,053,903 | 537,010 | 33.3 | 57% |
| 2015 | 3,300,075 | 3,034,936 | 265,139 | 34.6 | 54% |
| 2016 | 3,198,275 | 3,117,412 | 80,863 | 34.0 | 57% |
| 2017 | 3,144,255 | 3,155,231 | −10,976 | 33.5 | 56% |
| 2018 | 3,519,564 | 2,894,973 | 624,591 | 39.2 | 51% |
| 2019 | 3,380,624 | 2,937,909 | 442,715 | 40.4 | 1% |
| 2020 | 2,958,208 | 2,769,604 | 188,604 | 43.7 | 57% |
| 2021 | 4,081,655 | 3,332,408 | 749,247 | 39.3 | 54% |
| 2022 | 4,684,206 | 4,297,610 | 386,596 | 31.5 | 58% |
| 2023 | 4,948,719 | 5,539,145 | −590,426 | 1.2 | 52% |
In its most recent public year (2023), this organization spent $590,426 more than it brought in. Its reserves stood at about 1.2 months of spending, down from 30.8 in 2011. Staff pay was 52% of spending. $431,877 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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