Milford Council On Aging
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,939,149 | 1,797,475 | 141,674 | 4.5 | 39% |
| 2021 | 1,879,380 | 1,570,446 | 308,934 | 7.6 | 36% |
| 2022 | 1,992,196 | 1,696,904 | 295,292 | 8.5 | 42% |
| 2023 | 1,987,912 | 1,912,076 | 75,836 | 8.1 | 41% |
In its most recent public year (2023), this organization brought in $75,836 more than it spent. Its reserves stood at about 8.1 months of spending, up from 4.5 in 2020. Staff pay was 41% 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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