The Friendship Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 605,966 | 307,718 | 298,248 | 26.6 | 51% |
| 2012 | 830,660 | 548,136 | 282,524 | 21.1 | 31% |
| 2013 | 876,698 | 625,535 | 251,163 | 23.3 | 37% |
| 2014 | 1,097,293 | 631,868 | 465,425 | 31.9 | 34% |
| 2015 | 72,753 | 224,337 | −151,584 | 98.0 | 37% |
| 2016 | 1,194,463 | 696,362 | 498,101 | 40.1 | 47% |
| 2017 | 1,313,160 | 760,602 | 552,558 | 45.5 | 51% |
| 2018 | 1,301,205 | 750,874 | 550,331 | 54.9 | 50% |
| 2019 | 3,400,010 | 861,611 | 2,538,399 | 85.5 | 48% |
| 2020 | 1,480,671 | 732,250 | 748,421 | 125.1 | 58% |
| 2021 | 16,675,270 | 3,389,191 | 13,286,079 | 74.3 | 13% |
| 2022 | 7,048,650 | 4,804,007 | 2,244,643 | 57.8 | 11% |
| 2023 | 2,494,844 | 3,575,348 | −1,080,504 | 13.4 | 17% |
In its most recent public year (2023), this organization spent $1,080,504 more than it brought in. Its reserves stood at about 13.4 months of spending, down from 26.6 in 2011. Staff pay was 17% 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
The Friendship Foundation'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