Veterans Of Foreign Wars Department Of Massachusetts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 66,730 | 63,347 | 3,383 | 11.2 | 34% |
| 2022 | 87,647 | 98,551 | −10,904 | 5.9 | 52% |
| 2023 | 89,297 | 88,717 | 580 | 6.6 | 42% |
In its most recent public year (2023), this organization brought in $580 more than it spent. Its reserves stood at about 6.6 months of spending, down from 11.2 in 2021. Staff pay was 42% 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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