New Life Furniture Bank Of Ma Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 161,639 | 116,103 | 45,536 | 5.8 | — |
| 2015 | 345,565 | 278,182 | 67,383 | 5.3 | 0% |
| 2016 | 426,695 | 439,067 | −12,372 | 3.0 | 0% |
| 2017 | 487,843 | 487,980 | −137 | 2.7 | 0% |
| 2018 | 696,089 | 639,860 | 56,229 | 3.1 | 0% |
| 2019 | 839,931 | 810,191 | 29,740 | 2.9 | 6% |
| 2020 | 650,463 | 599,501 | 50,962 | 4.7 | 22% |
| 2021 | 873,642 | 873,323 | 319 | 3.2 | 20% |
| 2022 | 1,004,997 | 1,024,370 | −19,373 | 2.5 | 23% |
| 2023 | 1,084,503 | 1,076,322 | 8,181 | 2.4 | 20% |
In its most recent public year (2023), this organization brought in $8,181 more than it spent. Its reserves stood at about 2.4 months of spending, down from 5.8 in 2014. Staff pay was 20% 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
New Life Furniture Bank Of Ma Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works