Friends Of Canaan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,805,568 | 1,815,028 | −9,460 | 1.6 | 46% |
| 2021 | 1,459,448 | 1,586,472 | −127,024 | 4.0 | 53% |
| 2022 | 2,388,809 | 2,206,348 | 182,461 | 3.9 | 42% |
| 2023 | 2,469,491 | 1,711,858 | 757,633 | 10.3 | 52% |
In its most recent public year (2023), this organization brought in $757,633 more than it spent. Its reserves stood at about 10.3 months of spending, up from 1.6 in 2020. Staff pay was 52% of spending. $815 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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