Friends Of Mlk
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 161,142 | 36,097 | 125,045 | 51.7 | — |
| 2023 | 400,979 | 55,620 | 345,359 | 108.0 | 0% |
In its most recent public year (2023), this organization brought in $345,359 more than it spent. Its reserves stood at about 108 months of spending, up from 51.7 in 2022. 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 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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