Montecito Retirement Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,889,114 | 20,849,902 | 39,212 | 0.9 | 44% |
| 2012 | 21,717,539 | 22,507,875 | −790,336 | 1.5 | 42% |
| 2013 | 23,995,065 | 22,541,481 | 1,453,584 | 3.4 | 43% |
| 2014 | 26,150,211 | 23,554,888 | 2,595,323 | 4.0 | 42% |
| 2015 | 27,290,081 | 23,984,122 | 3,305,959 | 4.6 | 43% |
| 2016 | 27,695,346 | 24,159,552 | 3,535,794 | 6.6 | 44% |
| 2017 | 30,643,456 | 25,328,063 | 5,315,393 | 9.9 | 44% |
| 2018 | 32,579,232 | 26,037,780 | 6,541,452 | 11.7 | 44% |
| 2019 | 28,938,264 | 27,287,288 | 1,650,976 | 13.1 | 44% |
| 2020 | 29,919,706 | 29,123,983 | 795,723 | 13.5 | 43% |
| 2021 | 32,824,214 | 31,376,245 | 1,447,969 | 13.6 | 40% |
| 2022 | 36,999,925 | 35,714,026 | 1,285,899 | 11.0 | 40% |
| 2023 | 40,878,663 | 37,537,540 | 3,341,123 | 12.1 | 40% |
In its most recent public year (2023), this organization brought in $3,341,123 more than it spent. Its reserves stood at about 12.1 months of spending, up from 0.9 in 2011. Staff pay was 40% of spending. $2,278,836 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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