Friction Materials Standards
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 365,517 | 306,683 | 58,834 | 25.7 | 35% |
| 2013 | 344,666 | 320,503 | 24,163 | 25.4 | 34% |
| 2014 | 377,976 | 290,932 | 87,044 | 31.5 | 37% |
| 2015 | 400,343 | 299,826 | 100,517 | 34.5 | 38% |
| 2016 | 473,611 | 365,331 | 108,280 | 32.0 | 32% |
| 2017 | 306,659 | 357,974 | −51,315 | 29.7 | 2% |
| 2018 | 498,779 | 547,774 | −48,995 | 18.2 | 13% |
| 2019 | 508,598 | 513,474 | −4,876 | 19.5 | 21% |
| 2020 | 658,515 | 501,146 | 157,369 | 23.9 | 27% |
| 2021 | 521,842 | 597,767 | −75,925 | 18.3 | 23% |
| 2022 | 575,953 | 637,598 | −61,645 | 15.7 | 24% |
| 2023 | 618,367 | 705,043 | −86,676 | 12.7 | 24% |
In its most recent public year (2023), this organization spent $86,676 more than it brought in. Its reserves stood at about 12.7 months of spending, down from 25.7 in 2012. Staff pay was 24% of spending. $379,804 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
Friction Materials Standards's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works