Melrose Day Care Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,382,243 | 1,397,723 | −15,480 | 7.8 | 67% |
| 2021 | 1,653,123 | 1,527,626 | 125,497 | 8.9 | 69% |
| 2022 | 2,234,863 | 1,863,121 | 371,742 | 9.7 | 71% |
| 2023 | 2,300,988 | 2,018,335 | 282,653 | 10.6 | 68% |
In its most recent public year (2023), this organization brought in $282,653 more than it spent. Its reserves stood at about 10.6 months of spending, up from 7.8 in 2020. Staff pay was 68% 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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