Southwest Boston Senior Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 45,082,787 | 43,247,253 | 1,835,534 | 1.9 | 15% |
| 2021 | 47,164,504 | 45,136,819 | 2,027,685 | 2.2 | 14% |
| 2022 | 50,976,438 | 48,480,505 | 2,495,933 | 2.7 | 14% |
| 2023 | 55,262,972 | 53,146,516 | 2,116,456 | 2.9 | 14% |
In its most recent public year (2023), this organization brought in $2,116,456 more than it spent. Its reserves stood at about 2.9 months of spending. Staff pay was 14% of spending. $1,671,396 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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