Retired Educators Association Of Massachusetts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 103,411 | 151,283 | −47,872 | 23.7 | 39% |
| 2021 | 97,950 | 129,349 | −31,399 | 24.8 | 43% |
| 2022 | 75,507 | 116,964 | −41,457 | 23.1 | 48% |
| 2023 | 105,408 | 125,097 | −19,689 | 19.7 | — |
In its most recent public year (2023), this organization spent $19,689 more than it brought in. Its reserves stood at about 19.7 months of spending, down from 23.7 in 2020.
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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