The Friends Of The Danvers Council On Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 39,925 | 28,021 | 11,904 | 142.9 | — |
| 2021 | 26,897 | 14,201 | 12,696 | 334.4 | — |
| 2022 | 57,563 | 23,078 | 34,485 | 209.9 | — |
| 2023 | 63,061 | 35,237 | 27,824 | 138.7 | — |
| 2024 | 89,190 | 16,059 | 73,131 | 350.1 | — |
In its most recent public year (2024), this organization brought in $73,131 more than it spent. Its reserves stood at about 350.1 months of spending, up from 142.9 in 2020.
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 2024. 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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