Morristown Partners Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,466,079 | 1,470,334 | −4,255 | -2.8 | 18% |
| 2021 | 1,247,187 | 1,045,574 | 201,613 | -1.6 | 25% |
| 2022 | 1,146,947 | 1,163,122 | −16,175 | -1.6 | 24% |
| 2023 | 1,279,103 | 1,192,339 | 86,764 | -0.7 | 23% |
In its most recent public year (2023), this organization brought in $86,764 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.7 months), up from -2.8 in 2020. Staff pay was 23% 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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