First Colony Swim Team Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,748,405 | 1,512,399 | 236,006 | 4.4 | 60% |
| 2022 | 2,162,266 | 1,888,267 | 273,999 | 5.2 | 49% |
| 2023 | 2,180,475 | 2,150,861 | 29,614 | 4.8 | 54% |
In its most recent public year (2023), this organization brought in $29,614 more than it spent. Its reserves stood at about 4.8 months of spending. Staff pay was 54% 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 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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