Friendship Retirement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,475,188 | 19,045,314 | 1,429,874 | 8.6 | 50% |
| 2012 | 18,980,909 | 18,879,825 | 101,084 | 8.9 | 51% |
| 2013 | 19,434,870 | 20,363,463 | −928,593 | 5.1 | 49% |
| 2014 | 20,345,816 | 20,307,550 | 38,266 | 4.1 | 49% |
| 2015 | 22,040,663 | 21,914,444 | 126,219 | 3.8 | 50% |
| 2016 | 23,750,603 | 24,436,267 | −685,664 | 3.5 | 53% |
| 2017 | 26,057,364 | 27,197,074 | −1,139,710 | 2.8 | 53% |
| 2018 | 29,167,423 | 28,150,976 | 1,016,447 | 3.1 | 56% |
| 2019 | 29,092,708 | 29,313,654 | −220,946 | 3.0 | 55% |
| 2020 | 31,963,306 | 30,865,810 | 1,097,496 | 3.3 | 54% |
| 2021 | 27,946,854 | 29,267,306 | −1,320,452 | 2.9 | 55% |
| 2022 | 29,398,220 | 31,146,822 | −1,748,602 | 2.0 | 51% |
| 2023 | 29,558,634 | 24,638,734 | 4,919,900 | 4.9 | 50% |
In its most recent public year (2023), this organization brought in $4,919,900 more than it spent. Its reserves stood at about 4.9 months of spending, down from 8.6 in 2011. Staff pay was 50% 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
Friendship Retirement Corporation'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