The Arc Of Litchfield County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,128,205 | 8,480,905 | −352,700 | 3.3 | 56% |
| 2021 | 7,704,539 | 7,913,665 | −209,126 | 3.2 | 57% |
| 2022 | 9,014,193 | 8,975,553 | 38,640 | 2.9 | 59% |
| 2023 | 8,052,144 | 9,681,467 | −1,629,323 | 0.7 | 57% |
In its most recent public year (2023), this organization spent $1,629,323 more than it brought in. Its reserves stood at about 0.7 months of spending, down from 3.3 in 2020. Staff pay was 57% of spending. $25,280 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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