Friends University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 43,770,579 | 44,397,577 | −626,998 | 27.7 | 40% |
| 2012 | 46,082,095 | 45,476,695 | 605,400 | 26.5 | 39% |
| 2013 | 47,557,706 | 43,929,412 | 3,628,294 | 28.5 | 39% |
| 2014 | 46,843,047 | 44,161,237 | 2,681,810 | 28.7 | 39% |
| 2015 | 40,793,426 | 42,715,177 | −1,921,751 | 28.0 | 36% |
| 2016 | 38,194,807 | 38,855,253 | −660,446 | 29.3 | 37% |
| 2017 | 36,949,158 | 38,357,761 | −1,408,603 | 30.8 | 34% |
| 2018 | 38,889,276 | 39,324,859 | −435,583 | 30.5 | 35% |
| 2019 | 40,868,629 | 39,922,343 | 946,286 | 30.6 | 33% |
| 2020 | 40,667,613 | 41,503,339 | −835,726 | 28.9 | 32% |
| 2021 | 47,909,679 | 42,305,082 | 5,604,597 | 33.7 | 30% |
| 2022 | 51,050,337 | 46,766,239 | 4,284,098 | 27.5 | 28% |
| 2023 | 45,214,355 | 45,556,612 | −342,257 | 30.0 | 30% |
In its most recent public year (2023), this organization spent $342,257 more than it brought in. Its reserves stood at about 30 months of spending, up from 27.7 in 2011. Staff pay was 30% of spending. $55,131,711 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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