Friends Of The Norwood Council On Aging
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 34,171 | 75,889 | −41,718 | 11.6 | — |
| 2020 | 6,514 | 3,307 | 3,207 | 279.4 | — |
| 2021 | 13,349 | 2,027 | 11,322 | 522.9 | — |
| 2022 | 11,663 | 14,823 | −3,160 | 72.1 | — |
| 2023 | 22,774 | 16,070 | 6,704 | 71.5 | — |
In its most recent public year (2023), this organization brought in $6,704 more than it spent. Its reserves stood at about 71.5 months of spending, up from 11.6 in 2019.
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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