Northwest Connecticut Community Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,121,452 | 5,421,265 | 2,700,187 | 217.1 | 13% |
| 2021 | 9,989,668 | 6,347,974 | 3,641,694 | 204.7 | 13% |
| 2022 | 15,274,377 | 6,473,362 | 8,801,015 | 184.7 | 15% |
| 2023 | 11,882,458 | 6,799,763 | 5,082,695 | 197.4 | 16% |
In its most recent public year (2023), this organization brought in $5,082,695 more than it spent. Its reserves stood at about 197.4 months of spending, down from 217.1 in 2020. Staff pay was 16% of spending. $359,153 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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