Litchfield Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 558,938 | 894,703 | −335,765 | 154.2 | 39% |
| 2021 | 1,560,318 | 871,844 | 688,474 | 170.7 | 42% |
| 2022 | 1,061,865 | 964,960 | 96,905 | 136.3 | 43% |
| 2023 | 615,107 | 1,084,260 | −469,153 | 122.1 | 37% |
In its most recent public year (2023), this organization spent $469,153 more than it brought in. Its reserves stood at about 122.1 months of spending, down from 154.2 in 2020. Staff pay was 37% of spending. $7,208,215 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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