Friendship Place
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 14,548,106 | 13,044,547 | 1,503,559 | 3.9 | 48% |
| 2021 | 20,756,314 | 16,760,418 | 3,995,896 | 5.9 | 47% |
| 2022 | 17,744,686 | 17,749,658 | −4,972 | 5.6 | 46% |
| 2023 | 20,745,776 | 21,636,609 | −890,833 | 4.1 | 45% |
In its most recent public year (2023), this organization spent $890,833 more than it brought in. Its reserves stood at about 4.1 months of spending. Staff pay was 45% of spending. $1,650,455 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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