Fairhaven Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,766,972 | 12,309,219 | 457,753 | 14.1 | 44% |
| 2021 | 10,379,873 | 10,394,919 | −15,046 | 16.9 | 41% |
| 2022 | 8,670,991 | 9,956,769 | −1,285,778 | 15.5 | 39% |
| 2023 | 10,371,764 | 8,959,350 | 1,412,414 | 19.2 | 45% |
In its most recent public year (2023), this organization brought in $1,412,414 more than it spent. Its reserves stood at about 19.2 months of spending, up from 14.1 in 2020. Staff pay was 45% of spending.
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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