Greater Milford Area Historical Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 40,636 | 94,916 | −54,280 | 195.0 | 41% |
| 2021 | 267,462 | 106,226 | 161,236 | 144.7 | 35% |
| 2022 | 113,175 | 130,809 | −17,634 | 98.8 | 36% |
| 2023 | 114,621 | 115,809 | −1,188 | 121.0 | 34% |
In its most recent public year (2023), this organization spent $1,188 more than it brought in. Its reserves stood at about 121 months of spending, down from 195 in 2020. Staff pay was 34% of spending. $15,777 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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