Friends Of@Core Banks Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 3,000 | 1,296 | 1,704 | 15.8 | — |
| 2019 | 0 | 927 | −927 | 10.1 | — |
| 2020 | 0 | 225 | −225 | 29.4 | — |
| 2021 | 0 | 355 | −355 | 6.7 | — |
| 2022 | 0 | 250 | −250 | -2.5 | — |
| 2023 | 0 | 240 | −240 | -14.7 | — |
In its most recent public year (2023), this organization spent $240 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.7 months), down from 15.8 in 2018.
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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