The Friends Of The Norfolk Council On Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 14,502 | 32,248 | −17,746 | 253.2 | 0% |
| 2021 | 66,800 | 50,307 | 16,493 | 190.7 | 0% |
| 2022 | 39,890 | 81,349 | −41,459 | 104.5 | 0% |
| 2023 | 1,941 | 93,086 | −91,145 | 79.7 | 0% |
| 2024 | 25,088 | 54,632 | −29,544 | 139.5 | 0% |
In its most recent public year (2024), this organization spent $29,544 more than it brought in. Its reserves stood at about 139.5 months of spending, down from 253.2 in 2020. Staff pay was 0% 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
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