Friends Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 215,507 | 182,828 | 32,679 | -5.4 | 9% |
| 2012 | 216,924 | 195,743 | 21,181 | -3.7 | 0% |
| 2013 | 197,261 | 260,540 | −63,279 | -5.7 | 0% |
| 2014 | 184,621 | 204,109 | −19,488 | -8.4 | 0% |
| 2015 | 174,396 | 194,515 | −20,119 | -10.1 | 0% |
| 2016 | 277,618 | 184,907 | 92,711 | -3.2 | 0% |
| 2017 | 237,076 | 187,423 | 49,653 | 0.1 | 0% |
| 2018 | 213,521 | 218,662 | −5,141 | -0.2 | 0% |
| 2019 | 282,484 | 253,283 | 29,201 | 1.2 | 0% |
| 2020 | 220,551 | 243,023 | −22,472 | 0.1 | 4% |
| 2021 | 228,926 | 211,979 | 16,947 | 1.1 | 4% |
| 2022 | 250,677 | 229,482 | 21,195 | 2.1 | 3% |
| 2023 | 195,626 | 245,485 | −49,859 | -0.4 | 3% |
| 2024 | 194,971 | 249,146 | −54,175 | -3.0 | 3% |
In its most recent public year (2024), this organization spent $54,175 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3 months), up from -5.4 in 2011. Staff pay was 3% of spending.
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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works