Friends Of Mexican Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,203,630 | 1,176,310 | 27,320 | 0.7 | 0% |
| 2021 | 835,695 | 791,033 | 44,662 | 1.7 | 0% |
| 2022 | 774,829 | 702,731 | 72,098 | 3.2 | 0% |
| 2023 | 793,319 | 477,299 | 316,020 | 12.6 | 0% |
In its most recent public year (2023), this organization brought in $316,020 more than it spent. Its reserves stood at about 12.6 months of spending, up from 0.7 in 2020. Staff pay was 0% of spending. $498,939 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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