Local Office On Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,947,242 | 2,908,218 | 1,039,024 | 12.6 | 40% |
| 2021 | 3,275,013 | 2,962,830 | 312,183 | 14.4 | 42% |
| 2022 | 3,650,288 | 3,254,699 | 395,589 | 13.5 | 41% |
| 2023 | 4,431,825 | 3,796,343 | 635,482 | 13.9 | 40% |
In its most recent public year (2023), this organization brought in $635,482 more than it spent. Its reserves stood at about 13.9 months of spending, up from 12.6 in 2020. Staff pay was 40% of spending. $231,442 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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