Simmering Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 396,445 | 313,015 | 83,430 | 5.5 | 34% |
| 2021 | 402,369 | 436,348 | −33,979 | 3.0 | 39% |
| 2022 | 444,325 | 495,545 | −51,220 | 1.4 | 38% |
| 2023 | 222,264 | 229,917 | −7,653 | 2.6 | 13% |
In its most recent public year (2023), this organization spent $7,653 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 5.5 in 2020. Staff pay was 13% 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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