Friends Of New Milford Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 1,266,887 | 1,073,730 | 193,157 | 2.3 | 65% |
| 2023 | 1,338,357 | 1,240,602 | 97,755 | 3.0 | 64% |
| 2024 | 1,276,317 | 1,316,731 | −40,414 | 2.4 | 67% |
In its most recent public year (2024), this organization spent $40,414 more than it brought in. Its reserves stood at about 2.4 months of spending. Staff pay was 67% 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 2024. 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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