North Central Massachusetts Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,040,476 | 1,771,410 | −730,934 | 15.6 | 0% |
| 2021 | 3,602,305 | 2,555,056 | 1,047,249 | 24.0 | 0% |
| 2022 | 2,376,134 | 1,292,443 | 1,083,691 | 52.6 | 36% |
| 2023 | 1,614,235 | 1,247,983 | 366,252 | 58.0 | 38% |
In its most recent public year (2023), this organization brought in $366,252 more than it spent. Its reserves stood at about 58 months of spending, up from 15.6 in 2020. Staff pay was 38% of spending. $1,158,500 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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