Quaboag Valley Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 712,701 | 700,510 | 12,191 | 24.7 | 45% |
| 2021 | 942,305 | 778,585 | 163,720 | 24.8 | 53% |
| 2022 | 1,035,215 | 1,014,954 | 20,261 | 19.9 | 46% |
| 2023 | 1,164,424 | 1,182,118 | −17,694 | 16.9 | 37% |
In its most recent public year (2023), this organization spent $17,694 more than it brought in. Its reserves stood at about 16.9 months of spending, down from 24.7 in 2020. Staff pay was 37% of spending. $184,234 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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