New London Community And School District Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 793,599 | 732,468 | 61,131 | 3.5 | 62% |
| 2021 | 882,926 | 875,787 | 7,139 | 3.0 | 69% |
| 2022 | 1,315,335 | 951,870 | 363,465 | 7.4 | 72% |
| 2023 | 847,116 | 975,983 | −128,867 | 5.6 | 68% |
In its most recent public year (2023), this organization spent $128,867 more than it brought in. Its reserves stood at about 5.6 months of spending, up from 3.5 in 2020. Staff pay was 68% 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
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