Friends For Michael Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,043 | 24,646 | −12,603 | 4.0 | — |
| 2021 | 33,179 | 28,773 | 4,406 | 5.3 | — |
| 2022 | 37,764 | 27,458 | 10,306 | 10.0 | — |
| 2023 | 60,027 | 53,947 | 6,080 | 6.5 | — |
In its most recent public year (2023), this organization brought in $6,080 more than it spent. Its reserves stood at about 6.5 months of spending, up from 4 in 2020.
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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