Friendship Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 462,255 | 323,193 | 139,062 | 194.3 | 26% |
| 2021 | 1,400,295 | 289,849 | 1,110,446 | 251.0 | 30% |
| 2022 | 571,716 | 349,546 | 222,170 | 180.7 | 24% |
| 2023 | 812,745 | 392,140 | 420,605 | 192.0 | 21% |
In its most recent public year (2023), this organization brought in $420,605 more than it spent. Its reserves stood at about 192 months of spending, down from 194.3 in 2020. Staff pay was 21% of spending. $5,701,484 of its net assets are donor-restricted.
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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