Farmington - Farmington Hills Foundation For Youth And Families
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 43,563 | 58,541 | −14,978 | 83.5 | — |
| 2021 | 79,454 | 69,214 | 10,240 | 74.8 | — |
| 2022 | 93,457 | 93,403 | 54 | 49.0 | — |
| 2023 | 46,248 | 52,500 | −6,252 | 93.9 | — |
In its most recent public year (2023), this organization spent $6,252 more than it brought in. Its reserves stood at about 93.9 months of spending, up from 83.5 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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