Spofford Lake Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 59,823 | 35,738 | 24,085 | 47.2 | — |
| 2022 | 66,144 | 30,146 | 35,998 | 70.2 | — |
| 2023 | 153,527 | 40,001 | 113,526 | 87.0 | — |
In its most recent public year (2023), this organization brought in $113,526 more than it spent. Its reserves stood at about 87 months of spending, up from 47.2 in 2021.
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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