Advancing Connecticut Together Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,604,892 | 8,441,335 | 163,557 | 2.3 | 18% |
| 2021 | 11,859,189 | 11,518,203 | 340,986 | 2.2 | 14% |
| 2022 | 10,033,477 | 9,964,515 | 68,962 | 2.6 | 16% |
| 2023 | 13,515,660 | 13,024,870 | 490,790 | 3.4 | 18% |
In its most recent public year (2023), this organization brought in $490,790 more than it spent. Its reserves stood at about 3.4 months of spending, up from 2.3 in 2020. Staff pay was 18% of spending. $512,457 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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