Philanthropy Massachusetts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,159,248 | 3,723,546 | 435,702 | 11.3 | 17% |
| 2021 | 4,531,233 | 4,379,097 | 152,136 | 10.0 | 18% |
| 2022 | 5,120,194 | 4,851,029 | 269,165 | 9.7 | 18% |
| 2023 | 5,509,630 | 4,715,953 | 793,677 | 12.0 | 20% |
In its most recent public year (2023), this organization brought in $793,677 more than it spent. Its reserves stood at about 12 months of spending. Staff pay was 20% of spending. $3,265,849 of its net assets are donor-restricted.
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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