Friends Of The Record Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 44,365 | 36,079 | 8,286 | 2.8 | 0% |
| 2021 | 1,005,557 | 179,996 | 825,561 | 55.6 | 0% |
| 2022 | 322,165 | 654,538 | −332,373 | 9.2 | 0% |
| 2023 | 665,279 | 704,505 | −39,226 | 7.9 | 0% |
In its most recent public year (2023), this organization spent $39,226 more than it brought in. Its reserves stood at about 7.9 months of spending, up from 2.8 in 2020. Staff pay was 0% of spending.
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
Friends Of The Record Company Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works