Melrose Water Supply Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 711,644 | 661,588 | 50,056 | 21.5 | 22% |
| 2021 | 706,533 | 748,220 | −41,687 | 18.3 | 21% |
| 2022 | 794,907 | 700,301 | 94,606 | 21.2 | 20% |
| 2023 | 691,827 | 767,958 | −76,131 | 18.1 | 23% |
In its most recent public year (2023), this organization spent $76,131 more than it brought in. Its reserves stood at about 18.1 months of spending, down from 21.5 in 2020. Staff pay was 23% of spending. $183,149 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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