Friends Of Itndetroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 2,100 | 1,248 | 852 | 8.2 | — |
| 2019 | 14,208 | 14,298 | −90 | 0.6 | — |
In its most recent public year (2019), this organization spent $90 more than it brought in. Its reserves stood at about 0.6 months of spending, down from 8.2 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 2019. 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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