Friends Of The Southborough Council On Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 81,125 | 62,989 | 18,136 | 24.9 | — |
| 2021 | 55,805 | 28,544 | 27,261 | 66.5 | — |
| 2022 | 64,424 | 56,352 | 8,072 | 35.4 | — |
| 2023 | 86,427 | 74,604 | 11,823 | 28.6 | — |
| 2024 | 79,343 | 78,633 | 710 | 27.3 | — |
In its most recent public year (2024), this organization brought in $710 more than it spent. Its reserves stood at about 27.3 months of spending, up from 24.9 in 2020.
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
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