Lynnfield Initiatives For Elders Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 795,370 | 1,231,951 | −436,581 | 85.6 | 7% |
| 2013 | 885,668 | 1,594,098 | −708,430 | 66.5 | 5% |
| 2014 | 939,508 | 1,727,892 | −788,384 | 58.8 | 5% |
| 2015 | 958,205 | 2,149,838 | −1,191,633 | 134.2 | 5% |
| 2016 | 1,206,506 | 2,074,164 | −867,658 | 142.4 | 6% |
| 2017 | 1,470,629 | 2,218,308 | −747,679 | 130.7 | 0% |
| 2018 | 1,483,379 | 0 | 1,483,379 | — | — |
| 2019 | 1,399,580 | 2,734,834 | −1,335,254 | 98.9 | 0% |
| 2020 | 1,454,524 | 2,269,237 | −814,713 | 115.8 | 3% |
| 2021 | 1,449,077 | 2,645,594 | −1,196,517 | 99.1 | 2% |
| 2022 | 1,584,154 | 2,667,145 | −1,082,991 | 92.6 | 6% |
| 2023 | 1,575,920 | 2,942,483 | −1,366,563 | 80.7 | 6% |
| 2024 | 1,669,899 | 3,103,822 | −1,433,923 | 75.8 | 6% |
In its most recent public year (2024), this organization spent $1,433,923 more than it brought in. Its reserves stood at about 75.8 months of spending, down from 85.6 in 2012. Staff pay was 6% 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 2024. 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
Lynnfield Initiatives For Elders Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works