Newburyport Choral Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 59,789 | 51,878 | 7,911 | 29.4 | — |
| 2022 | 97,439 | 106,146 | −8,707 | 14.0 | — |
| 2023 | 116,537 | 129,406 | −12,869 | 10.3 | — |
In its most recent public year (2023), this organization spent $12,869 more than it brought in. Its reserves stood at about 10.3 months of spending, down from 29.4 in 2021.
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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