Friends Of Milano Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 136,351 | 52,291 | 84,060 | 41.6 | — |
| 2017 | 105,053 | 83,944 | 21,109 | 28.9 | — |
| 2020 | 214,590 | 11,096 | 203,494 | 452.5 | 0% |
In its most recent public year (2020), this organization brought in $203,494 more than it spent. Its reserves stood at about 452.5 months of spending, up from 41.6 in 2016. Staff pay was 0% 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 2020. 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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