Chicago Friends Of The Elderlyfoundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 287,301 | 161,765 | 125,536 | 774.2 | 0% |
| 2012 | 374,896 | 64,921 | 309,975 | 2314.6 | 0% |
| 2013 | 364,619 | 73,137 | 291,482 | 2300.8 | 0% |
| 2014 | 700,727 | 79,576 | 621,151 | 2299.2 | 0% |
| 2015 | 357,795 | 1,599,516 | −1,241,721 | 99.5 | 0% |
| 2016 | 211,739 | 253,680 | −41,941 | 674.9 | 0% |
| 2017 | 576,012 | 1,119,429 | −543,417 | 160.9 | 0% |
| 2018 | 4,427,872 | 2,593,234 | 1,834,638 | 61.4 | 0% |
| 2019 | 552,738 | 1,400,970 | −848,232 | 103.8 | 0% |
| 2020 | 449,367 | 76,147 | 373,220 | 2068.9 | 0% |
| 2021 | 916,474 | 35,154 | 881,320 | 5652.0 | 0% |
| 2022 | 1,579,800 | 1,317,758 | 262,042 | 118.2 | 0% |
| 2023 | 671,979 | 1,899,937 | −1,227,958 | 83.0 | 0% |
In its most recent public year (2023), this organization spent $1,227,958 more than it brought in. Its reserves stood at about 83 months of spending, down from 774.2 in 2011. 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 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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