Lex King Souter Memorial Fund Trust T-701 First Congregational Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 340,808 | 129,613 | 211,195 | 268.4 | 20% |
| 2022 | 419,042 | 139,320 | 279,722 | 250.3 | 19% |
| 2023 | 418,000 | 139,255 | 278,745 | 277.7 | 17% |
| 2024 | 119,324 | 141,289 | −21,965 | 271.6 | 19% |
In its most recent public year (2024), this organization spent $21,965 more than it brought in. Its reserves stood at about 271.6 months of spending, up from 268.4 in 2021. Staff pay was 19% 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 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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