Margaret C Griffin Child Develop Ment Center Of Southington Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 567,553 | 548,225 | 19,328 | 5.5 | 65% |
| 2021 | 659,402 | 563,616 | 95,786 | 7.4 | 68% |
| 2022 | 683,981 | 489,006 | 194,975 | 13.3 | 70% |
| 2023 | 727,324 | 585,668 | 141,656 | 14.0 | 69% |
In its most recent public year (2023), this organization brought in $141,656 more than it spent. Its reserves stood at about 14 months of spending, up from 5.5 in 2020. Staff pay was 69% 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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