Melrose Business Improvement Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 613,919 | 589,549 | 24,370 | 3.1 | 0% |
| 2021 | 651,350 | 608,972 | 42,378 | 3.9 | 0% |
| 2022 | 680,241 | 592,728 | 87,513 | 5.8 | 0% |
| 2023 | 664,063 | 747,972 | −83,909 | 0.8 | 0% |
In its most recent public year (2023), this organization spent $83,909 more than it brought in. Its reserves stood at about 0.8 months of spending, down from 3.1 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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