Friends Of North Reading Parks & Recreation Committee
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,658 | 25,349 | −15,691 | 37.7 | — |
| 2021 | 2,481 | 3,438 | −957 | 274.8 | — |
| 2022 | 7,043 | 4,894 | 2,149 | 198.3 | — |
| 2023 | 6,351 | 8,994 | −2,643 | 104.4 | — |
| 2024 | 6,204 | 23,571 | −17,367 | 31.0 | — |
In its most recent public year (2024), this organization spent $17,367 more than it brought in. Its reserves stood at about 31 months of spending, down from 37.7 in 2020.
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 2024. 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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