New London Heritage Historical Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 2,257,152 | 43,674 | 2,213,478 | 678.1 | 2% |
| 2017 | 100,459 | 77,395 | 23,064 | 386.2 | 18% |
| 2018 | 128,734 | 86,503 | 42,231 | 351.4 | 16% |
| 2019 | 355,774 | 87,868 | 267,906 | 382.5 | 18% |
| 2020 | 36,014 | 95,767 | −59,753 | 361.7 | 17% |
| 2021 | 57,420 | 95,021 | −37,601 | 389.8 | 21% |
| 2022 | 71,656 | 89,237 | −17,581 | 362.0 | 23% |
| 2023 | 46,646 | 123,925 | −77,279 | 270.9 | 23% |
In its most recent public year (2023), this organization spent $77,279 more than it brought in. Its reserves stood at about 270.9 months of spending, down from 678.1 in 2016. Staff pay was 23% 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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