Connecticut State Medical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,406,610 | 1,298,254 | 108,356 | 2.9 | 40% |
| 2021 | 1,201,082 | 1,006,392 | 194,690 | 6.6 | 39% |
| 2022 | 1,144,797 | 900,417 | 244,380 | 8.9 | 47% |
| 2023 | 1,053,908 | 862,950 | 190,958 | 13.0 | 46% |
In its most recent public year (2023), this organization brought in $190,958 more than it spent. Its reserves stood at about 13 months of spending, up from 2.9 in 2020. Staff pay was 46% of spending. $7,133 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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