Beverly Farm Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 28,983,797 | 25,593,044 | 3,390,753 | 3.3 | 52% |
| 2022 | 44,775,588 | 26,738,207 | 18,037,381 | 11.6 | 43% |
| 2023 | 24,911,338 | 28,145,338 | −3,234,000 | 11.2 | 43% |
In its most recent public year (2023), this organization spent $3,234,000 more than it brought in. Its reserves stood at about 11.2 months of spending, up from 3.3 in 2021. Staff pay was 43% of spending. $21,650,412 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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