Greater Glens Falls Senior Citizen Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 269,919 | 318,266 | −48,347 | 39.8 | 49% |
| 2021 | 275,075 | 257,991 | 17,084 | 52.1 | 55% |
| 2022 | 256,357 | 276,972 | −20,615 | 41.8 | 59% |
| 2023 | 333,587 | 314,952 | 18,635 | 38.8 | 60% |
In its most recent public year (2023), this organization brought in $18,635 more than it spent. Its reserves stood at about 38.8 months of spending. Staff pay was 60% of spending. $369,774 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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