Friendship Academy Of The Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,208,428 | 1,199,180 | 9,248 | 4.2 | 44% |
| 2012 | 1,111,775 | 1,402,321 | −290,546 | 1.1 | 45% |
| 2013 | 1,359,747 | 1,460,940 | −101,193 | 0.2 | 49% |
| 2014 | 1,512,920 | 1,435,112 | 77,808 | 0.9 | 45% |
| 2015 | 1,738,505 | 1,622,836 | 115,669 | -5.5 | 46% |
| 2016 | 2,345,804 | 1,915,132 | 430,672 | -1.1 | 42% |
| 2017 | 2,510,524 | 2,133,189 | 377,335 | -0.2 | 45% |
| 2018 | 2,436,116 | 2,353,469 | 82,647 | -1.1 | 45% |
| 2019 | 2,638,914 | 2,505,964 | 132,950 | 1.0 | 47% |
| 2020 | 2,907,050 | 3,128,013 | −220,963 | -0.7 | 44% |
| 2021 | 4,820,441 | 4,829,358 | −8,917 | -0.8 | 46% |
| 2022 | 5,476,614 | 6,069,810 | −593,196 | -2.0 | 46% |
| 2023 | 5,746,172 | 6,218,100 | −471,928 | -2.4 | 44% |
In its most recent public year (2023), this organization spent $471,928 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.4 months), down from 4.2 in 2011. Staff pay was 44% 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
Friendship Academy Of The Arts's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works