Friendship Circle Of Miami Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,474,375 | 572,217 | 1,902,158 | 50.4 | 41% |
| 2020 | 1,362,968 | 782,859 | 580,109 | 46.0 | 44% |
| 2021 | 1,656,209 | 831,018 | 825,191 | 55.3 | 46% |
| 2022 | 1,788,072 | 1,150,062 | 638,010 | 39.7 | 39% |
| 2023 | 432,354 | 496,467 | −64,113 | 90.8 | 47% |
In its most recent public year (2023), this organization spent $64,113 more than it brought in. Its reserves stood at about 90.8 months of spending, up from 50.4 in 2019. Staff pay was 47% of spending. $3,849,496 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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