Bay Colony Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,834,582 | 3,355,516 | 479,066 | 6.4 | 60% |
| 2021 | 4,580,376 | 3,604,803 | 975,573 | 9.2 | 64% |
| 2022 | 4,128,330 | 3,908,557 | 219,773 | 9.2 | 63% |
| 2023 | 4,591,941 | 3,962,002 | 629,939 | 11.2 | 74% |
In its most recent public year (2023), this organization brought in $629,939 more than it spent. Its reserves stood at about 11.2 months of spending, up from 6.4 in 2020. Staff pay was 74% 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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