Firemen Relief Association Of The City Of Milwaukee
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,972,380 | 457,112 | 1,515,268 | 225.1 | 7% |
| 2021 | 1,553,375 | 411,812 | 1,141,563 | 283.1 | 8% |
| 2022 | 669,637 | 467,707 | 201,930 | 254.5 | 7% |
| 2023 | 496,646 | 476,360 | 20,286 | 259.8 | 7% |
In its most recent public year (2023), this organization brought in $20,286 more than it spent. Its reserves stood at about 259.8 months of spending, up from 225.1 in 2020. Staff pay was 7% 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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