Friends Of Mcgill University Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 4,975,093 | 4,836,040 | 139,053 | 27.7 | 0% |
| 2022 | 8,029,117 | 7,640,957 | 388,160 | 16.6 | 0% |
| 2023 | 4,785,125 | 5,237,448 | −452,323 | 22.6 | 0% |
In its most recent public year (2023), this organization spent $452,323 more than it brought in. Its reserves stood at about 22.6 months of spending, down from 27.7 in 2021. Staff pay was 0% of spending. $8,257,137 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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