Friends Of The Felt Estate
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 472,749 | 502,858 | −30,109 | 1.9 | 17% |
| 2021 | 506,874 | 484,644 | 22,230 | 2.6 | 19% |
| 2022 | 647,890 | 607,933 | 39,957 | 2.8 | 14% |
| 2023 | 762,697 | 694,682 | 68,015 | 3.6 | 12% |
In its most recent public year (2023), this organization brought in $68,015 more than it spent. Its reserves stood at about 3.6 months of spending, up from 1.9 in 2020. Staff pay was 12% 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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