Needham Rotary Club Memorial Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,523 | 11,776 | −2,253 | 347.0 | 0% |
| 2021 | 25,231 | 11,842 | 13,389 | 392.9 | 0% |
| 2022 | 13,283 | 11,963 | 1,320 | 326.1 | 0% |
| 2023 | 16,703 | 11,975 | 4,728 | 360.7 | 0% |
In its most recent public year (2023), this organization brought in $4,728 more than it spent. Its reserves stood at about 360.7 months of spending, up from 347 in 2020. Staff pay was 0% 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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