Canaan Utilities Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 626,942 | 617,020 | 9,922 | 62.7 | 20% |
| 2012 | 612,852 | 608,269 | 4,583 | 63.9 | 20% |
| 2013 | 705,797 | 621,192 | 84,605 | 64.4 | 22% |
| 2014 | 708,089 | 628,183 | 79,906 | 65.3 | 22% |
| 2015 | 704,786 | 640,148 | 64,638 | 65.4 | 24% |
| 2016 | 708,493 | 638,956 | 69,537 | 67.2 | 25% |
| 2017 | 699,875 | 663,226 | 36,649 | 66.0 | 26% |
| 2018 | 706,668 | 669,692 | 36,976 | 66.3 | 26% |
| 2019 | 716,318 | 676,601 | 39,717 | 67.0 | 25% |
| 2020 | 727,627 | 644,245 | 83,382 | 72.5 | 23% |
| 2021 | 729,599 | 703,845 | 25,754 | 67.3 | 26% |
| 2022 | 1,133,801 | 794,019 | 339,782 | 66.0 | 22% |
| 2023 | 1,106,249 | 822,249 | 284,000 | 68.8 | 22% |
In its most recent public year (2023), this organization brought in $284,000 more than it spent. Its reserves stood at about 68.8 months of spending, up from 62.7 in 2011. Staff pay was 22% of spending. $737,383 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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