Friends Of The Gloucester Council On Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 31,827 | 62,654 | −30,827 | 24.7 | 0% |
| 2021 | 27,804 | 29,229 | −1,425 | 52.4 | 0% |
| 2022 | 55,702 | 43,916 | 11,786 | 38.1 | 0% |
| 2023 | 22,532 | 161,865 | −139,333 | 0.0 | 0% |
In its most recent public year (2023), this organization spent $139,333 more than it brought in. Its reserves stood at about 0 months of spending, down from 24.7 in 2020. Staff pay was 0% 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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