Friends Fiduciary Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,242,346 | 5,265,288 | −22,942 | 44.4 | 19% |
| 2021 | 5,444,683 | 5,622,255 | −177,572 | 45.0 | 19% |
| 2022 | 5,423,969 | 5,414,376 | 9,593 | 37.4 | 23% |
| 2023 | 6,371,357 | 5,756,864 | 614,493 | 39.7 | 22% |
In its most recent public year (2023), this organization brought in $614,493 more than it spent. Its reserves stood at about 39.7 months of spending, down from 44.4 in 2020. Staff pay was 22% of spending. $14,886,662 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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