Friendship Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 1,624,107 | 1,429,851 | 194,256 | 1.6 | 36% |
| 2016 | 1,147,344 | 1,199,767 | −52,423 | 2.3 | 54% |
| 2017 | 439,509 | 571,135 | −131,626 | 2.3 | 57% |
| 2018 | 1,007,214 | 986,853 | 20,361 | 1.6 | 37% |
| 2019 | 2,931,022 | 2,238,090 | 692,932 | 8.1 | 30% |
| 2020 | 1,547,645 | 2,041,186 | −493,541 | 2.0 | 8% |
| 2021 | 1,999,215 | 2,329,978 | −330,763 | 0.1 | 27% |
| 2022 | 3,433,001 | 3,085,899 | 347,102 | 1.4 | 26% |
| 2023 | 3,762,653 | 3,983,039 | −220,386 | 0.4 | 20% |
In its most recent public year (2023), this organization spent $220,386 more than it brought in. Its reserves stood at about 0.4 months of spending, down from 1.6 in 2015. Staff pay was 20% of spending. $18,514 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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