Friends Of The Valdese Rec
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 67,750 | 3,214 | 64,536 | 366.6 | — |
| 2022 | 127,605 | 95,453 | 32,152 | 16.4 | — |
| 2023 | 426,860 | 307,380 | 119,480 | 9.8 | 0% |
| 2024 | 267,003 | 127,311 | 139,692 | 34.3 | 0% |
In its most recent public year (2024), this organization brought in $139,692 more than it spent. Its reserves stood at about 34.3 months of spending, down from 366.6 in 2021. 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
Friends Of The Valdese Rec's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works