Bangor Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 62,066 | 79,563 | −17,497 | 77.9 | 49% |
| 2021 | 68,194 | 41,660 | 26,534 | 168.1 | 42% |
| 2022 | 59,971 | 58,142 | 1,829 | 107.1 | 35% |
| 2023 | 187,499 | 91,606 | 95,893 | 81.3 | 53% |
In its most recent public year (2023), this organization brought in $95,893 more than it spent. Its reserves stood at about 81.3 months of spending, up from 77.9 in 2020. Staff pay was 53% of spending. $476,459 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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