Friends House Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,609,908 | 12,653,777 | −1,043,869 | 13.9 | 42% |
| 2021 | 12,782,756 | 13,623,958 | −841,202 | 12.6 | 30% |
| 2022 | 15,489,374 | 15,042,056 | 447,318 | 10.9 | 35% |
| 2023 | 14,306,184 | 15,973,465 | −1,667,281 | 9.4 | 39% |
In its most recent public year (2023), this organization spent $1,667,281 more than it brought in. Its reserves stood at about 9.4 months of spending, down from 13.9 in 2020. Staff pay was 39% of spending. $661,068 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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