Beverly Cove Improvement Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 43,333 | 75,606 | −32,273 | 196.9 | 0% |
| 2021 | 70,345 | 42,417 | 27,928 | 389.4 | 0% |
| 2022 | 73,845 | 56,820 | 17,025 | 275.5 | 0% |
| 2023 | 46,871 | 95,568 | −48,697 | 159.0 | 0% |
| 2024 | 70,643 | 63,051 | 7,592 | 258.9 | 0% |
In its most recent public year (2024), this organization brought in $7,592 more than it spent. Its reserves stood at about 258.9 months of spending, up from 196.9 in 2020. Staff pay was 0% of spending. $920,667 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 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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