Smithfield Fire Company No 1
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 259,863 | 243,309 | 16,554 | 32.1 | 0% |
| 2020 | 223,818 | 194,811 | 29,007 | 41.8 | 0% |
| 2021 | 318,900 | 208,249 | 110,651 | 45.5 | 0% |
| 2022 | 536,568 | 242,613 | 293,955 | 53.7 | 0% |
| 2023 | 304,054 | 294,638 | 9,416 | 45.8 | 0% |
In its most recent public year (2023), this organization brought in $9,416 more than it spent. Its reserves stood at about 45.8 months of spending, up from 32.1 in 2019. Staff pay was 0% 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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