Friends Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 7,811,864 | 7,806,372 | 5,492 | 15.6 | 45% |
| 2022 | 8,842,219 | 7,977,789 | 864,430 | 15.4 | 47% |
| 2023 | 9,996,770 | 8,999,274 | 997,496 | 15.6 | 47% |
| 2024 | 6,474,905 | 7,151,203 | −676,298 | 18.7 | 61% |
In its most recent public year (2024), this organization spent $676,298 more than it brought in. Its reserves stood at about 18.7 months of spending, up from 15.6 in 2021. Staff pay was 61% of spending. $3,751,698 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 2024. 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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