Merrimack Valley Italian-American Scholarship Fund Incorporated
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $552 | $9,049 | −$8,497 | 86.1 | — |
| 2021 | $136 | $1,640 | −$1,504 | 464.3 | — |
In its most recent public year (2021), this organization spent $1,504 more than it brought in. Its reserves stood at about 464.3 months of spending, up from 86.1 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 2021. 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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