Foundation For A Strong Maine Economy
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $2,768,567 | $2,626,801 | $141,766 | 2.3 | 10% |
| 2021 | $2,495,070 | $2,260,941 | $234,129 | 3.9 | 10% |
| 2022 | $2,195,380 | $2,258,589 | −$63,209 | 3.5 | 19% |
| 2023 | $3,241,469 | $3,480,305 | −$238,836 | 1.5 | 13% |
In its most recent public year (2023), this organization spent $238,836 more than it brought in. Its reserves stood at about 1.5 months of spending. Staff pay was 13% of spending. $216,380 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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