Friends School Of Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,350,441 | 2,790,376 | −439,935 | 16.4 | 62% |
| 2021 | 2,624,594 | 2,555,282 | 69,312 | 20.1 | 63% |
| 2022 | 2,776,477 | 2,746,110 | 30,367 | 15.4 | 64% |
| 2023 | 2,909,557 | 3,085,619 | −176,062 | 13.4 | 61% |
In its most recent public year (2023), this organization spent $176,062 more than it brought in. Its reserves stood at about 13.4 months of spending, down from 16.4 in 2020. Staff pay was 61% of spending. $1,533,519 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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