The New London Hospital Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 65,376,393 | 66,548,719 | −1,172,326 | 7.4 | 50% |
| 2021 | 67,135,747 | 71,974,350 | −4,838,603 | 7.5 | 44% |
| 2022 | 87,575,230 | 79,301,140 | 8,274,090 | 8.1 | 50% |
| 2023 | 94,507,808 | 86,687,314 | 7,820,494 | 8.7 | 53% |
In its most recent public year (2023), this organization brought in $7,820,494 more than it spent. Its reserves stood at about 8.7 months of spending, up from 7.4 in 2020. Staff pay was 53% of spending. $4,712,184 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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