Gloucester Celebration Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 246,555 | 145,496 | 101,059 | 42.7 | 0% |
| 2020 | 66,977 | 136,225 | −69,248 | 38.8 | 0% |
| 2021 | 242,552 | 106,462 | 136,090 | 65.0 | 0% |
| 2022 | 375,614 | 579,803 | −204,189 | 7.7 | 0% |
| 2023 | 658,408 | 815,605 | −157,197 | 3.2 | 0% |
In its most recent public year (2023), this organization spent $157,197 more than it brought in. Its reserves stood at about 3.2 months of spending, down from 42.7 in 2019. Staff pay was 0% of spending. $27,719 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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