Garrett Community Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,437,404 | 1,317,355 | 120,049 | 40.5 | 63% |
| 2022 | 1,984,227 | 1,554,256 | 429,971 | 37.4 | 64% |
| 2023 | 2,210,180 | 1,907,397 | 302,783 | 32.2 | 63% |
In its most recent public year (2023), this organization brought in $302,783 more than it spent. Its reserves stood at about 32.2 months of spending, down from 40.5 in 2021. Staff pay was 63% of spending. $1,292,987 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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