Norfolk Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 9,983 | 20,271 | −10,288 | 4.2 | 0% |
| 2020 | 29,376 | 18,376 | 11,000 | 14.7 | 0% |
| 2021 | 17,286 | 21,978 | −4,692 | 9.8 | 0% |
In its most recent public year (2021), this organization spent $4,692 more than it brought in. Its reserves stood at about 9.8 months of spending, up from 4.2 in 2019. 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 2021. 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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