New Life Baptist Church Of Framingham Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 111,480 | 106,393 | 5,087 | 0.6 | — |
| 2015 | 175,258 | 178,124 | −2,866 | 2.8 | — |
| 2016 | 175,367 | 175,715 | −348 | 2.8 | — |
| 2017 | 117,384 | 109,563 | 7,821 | 5.4 | — |
| 2018 | 129,263 | 129,577 | −314 | 4.6 | — |
| 2019 | 139,529 | 138,385 | 1,144 | 4.4 | — |
| 2020 | 129,392 | 127,846 | 1,546 | 4.9 | — |
| 2021 | 151,311 | 163,248 | −11,937 | 2.9 | — |
| 2022 | 199,096 | 194,832 | 4,264 | 2.7 | — |
In its most recent public year (2022), this organization brought in $4,264 more than it spent. Its reserves stood at about 2.7 months of spending, up from 0.6 in 2013.
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 2022. 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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