Friends Of The Norwalk River Valley Trail Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 594,039 | 418,381 | 175,658 | 5.4 | 0% |
| 2015 | 273,678 | 246,791 | 26,887 | 10.5 | 0% |
| 2016 | 264,034 | 280,213 | −16,179 | 8.5 | 0% |
| 2017 | 272,218 | 186,979 | 85,239 | 18.2 | 0% |
| 2018 | 226,753 | 264,527 | −37,774 | 11.2 | 0% |
| 2019 | 197,817 | 125,741 | 72,076 | 30.4 | 0% |
| 2020 | 212,903 | 104,740 | 108,163 | 49.4 | 0% |
| 2021 | 624,585 | 200,108 | 424,477 | 51.3 | 0% |
| 2022 | 322,921 | 621,802 | −298,881 | 10.7 | 7% |
| 2023 | 302,222 | 266,867 | 35,355 | 26.6 | 31% |
In its most recent public year (2023), this organization brought in $35,355 more than it spent. Its reserves stood at about 26.6 months of spending, up from 5.4 in 2014. Staff pay was 31% of spending.
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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