Friends Of@Bloomfield Hills Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 66,000 | 17,944 | 48,056 | 32.1 | — |
| 2020 | 42,000 | 43,149 | −1,149 | 13.0 | — |
| 2021 | 200 | 27,833 | −27,633 | 8.3 | — |
| 2022 | 200 | 9,524 | −9,324 | 12.5 | — |
| 2023 | 0 | 1,983 | −1,983 | 48.2 | — |
In its most recent public year (2023), this organization spent $1,983 more than it brought in. Its reserves stood at about 48.2 months of spending, up from 32.1 in 2019.
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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