True Friends Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 173,116 | 182,263 | −9,147 | 88.6 | 16% |
| 2012 | 7,693,489 | 147,005 | 7,546,484 | 735.7 | 19% |
| 2013 | 709,576 | 783,258 | −73,682 | 143.0 | 5% |
| 2014 | 494,777 | 1,118,244 | −623,467 | 104.3 | 3% |
| 2015 | 2,082,274 | 1,527,108 | 555,166 | 78.5 | 2% |
| 2016 | 523,137 | 1,340,893 | −817,756 | 86.0 | 0% |
| 2017 | 831,150 | 970,987 | −139,837 | 125.7 | 0% |
| 2018 | 810,388 | 835,758 | −25,370 | 132.3 | 0% |
| 2019 | 14,743,543 | 722,905 | 14,020,638 | 405.5 | 0% |
| 2020 | 825,527 | 2,235,595 | −1,410,068 | 132.6 | 0% |
| 2021 | 1,022,490 | 655,359 | 367,131 | 503.8 | 0% |
| 2022 | 1,020,726 | 652,119 | 368,607 | 413.0 | 0% |
| 2023 | 766,838 | 780,485 | −13,647 | 361.9 | 0% |
In its most recent public year (2023), this organization spent $13,647 more than it brought in. Its reserves stood at about 361.9 months of spending, up from 88.6 in 2011. Staff pay was 0% of spending. $5,979,136 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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