Massachusetts Veterinary Medical Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 424,375 | 530,328 | −105,953 | 4.7 | 32% |
| 2020 | 373,918 | 368,490 | 5,428 | 7.1 | 22% |
| 2021 | 364,228 | 263,051 | 101,177 | 14.8 | 49% |
| 2022 | 429,000 | 370,868 | 58,132 | 12.0 | 36% |
| 2023 | 444,397 | 390,649 | 53,748 | 13.2 | 38% |
In its most recent public year (2023), this organization brought in $53,748 more than it spent. Its reserves stood at about 13.2 months of spending, up from 4.7 in 2019. Staff pay was 38% 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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