Newark Volunteer Fire Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 450,483 | 569,828 | −119,345 | 39.8 | 47% |
| 2021 | 630,444 | 580,830 | 49,614 | 40.0 | 43% |
| 2022 | 694,797 | 626,958 | 67,839 | 38.4 | 48% |
| 2023 | 670,694 | 581,601 | 89,093 | 43.2 | 55% |
In its most recent public year (2023), this organization brought in $89,093 more than it spent. Its reserves stood at about 43.2 months of spending, up from 39.8 in 2020. Staff pay was 55% 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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