Friends Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,164,588 | 1,102,581 | 62,007 | 13.2 | 63% |
| 2021 | 1,126,149 | 992,188 | 133,961 | 16.7 | 63% |
| 2022 | 1,136,538 | 1,005,689 | 130,849 | 17.6 | 58% |
| 2023 | 1,008,681 | 959,878 | 48,803 | 19.4 | 61% |
In its most recent public year (2023), this organization brought in $48,803 more than it spent. Its reserves stood at about 19.4 months of spending, up from 13.2 in 2020. Staff pay was 61% of spending. $371,516 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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