Rumford Community Home Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,142,549 | 5,053,121 | 89,428 | -0.5 | 60% |
| 2021 | 5,423,127 | 5,354,991 | 68,136 | 5.8 | 58% |
| 2022 | 5,604,356 | 6,277,492 | −673,136 | 3.8 | 54% |
| 2023 | 6,634,311 | 7,232,095 | −597,784 | 3.0 | 49% |
In its most recent public year (2023), this organization spent $597,784 more than it brought in. Its reserves stood at about 3 months of spending, up from -0.5 in 2020. Staff pay was 49% 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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