New England Institute Of Technology
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 76,736,842 | 79,066,895 | −2,330,053 | 43.8 | 37% |
| 2021 | 84,796,115 | 76,178,155 | 8,617,960 | 52.3 | 37% |
| 2022 | 86,847,795 | 77,386,271 | 9,461,524 | 48.6 | 4% |
| 2023 | 78,623,640 | 81,361,331 | −2,737,691 | 48.3 | 36% |
In its most recent public year (2023), this organization spent $2,737,691 more than it brought in. Its reserves stood at about 48.3 months of spending, up from 43.8 in 2020. Staff pay was 36% of spending. $1,546,439 of its net assets are donor-restricted.
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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