Ipswich Museum Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 207,999 | 207,371 | 628 | 63.3 | 32% |
| 2020 | 621,902 | 169,661 | 452,241 | 123.6 | 38% |
| 2021 | 239,782 | 212,473 | 27,309 | 112.2 | 38% |
| 2022 | 227,033 | 204,578 | 22,455 | 96.2 | 42% |
| 2023 | 181,721 | 209,767 | −28,046 | 103.7 | 41% |
In its most recent public year (2023), this organization spent $28,046 more than it brought in. Its reserves stood at about 103.7 months of spending, up from 63.3 in 2019. Staff pay was 41% of spending. $156,869 of its net assets are donor-restricted.
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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