Connecticut News Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 893,060 | 901,399 | −8,339 | 7.4 | 55% |
| 2012 | 758,851 | 940,532 | −181,681 | 4.7 | 53% |
| 2013 | 806,305 | 983,517 | −177,212 | 2.4 | 58% |
| 2014 | 1,166,590 | 834,855 | 331,735 | 7.6 | 67% |
| 2015 | 684,670 | 957,921 | −273,251 | 3.2 | 65% |
| 2016 | 1,159,669 | 931,305 | 228,364 | 6.2 | 69% |
| 2017 | 791,738 | 927,221 | −135,483 | 4.5 | 73% |
| 2018 | 1,003,226 | 1,023,836 | −20,610 | 3.8 | 72% |
| 2019 | 1,667,193 | 1,066,750 | 600,443 | 10.4 | 71% |
| 2020 | 2,154,695 | 1,359,195 | 795,500 | 15.2 | 70% |
| 2021 | 2,149,040 | 1,758,354 | 390,686 | 14.4 | 69% |
| 2022 | 2,601,724 | 2,168,437 | 433,287 | 14.1 | 68% |
| 2023 | 2,675,912 | 2,547,954 | 127,958 | 12.6 | 69% |
In its most recent public year (2023), this organization brought in $127,958 more than it spent. Its reserves stood at about 12.6 months of spending, up from 7.4 in 2011. Staff pay was 69% of spending. $873,388 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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