Friends Of The Newburyport Council On Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 20,218 | 9,476 | 10,742 | 107.3 | — |
| 2021 | 92,568 | 24,248 | 68,320 | 75.8 | — |
| 2022 | 36,432 | 22,300 | 14,132 | 90.0 | — |
| 2023 | 28,246 | 18,712 | 9,534 | 113.3 | — |
In its most recent public year (2023), this organization brought in $9,534 more than it spent. Its reserves stood at about 113.3 months of spending, up from 107.3 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 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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