Madison Voluntary Council On Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 728,370 | 597,290 | 131,080 | 16.2 | 55% |
| 2022 | 730,616 | 713,954 | 16,662 | 13.8 | 49% |
| 2023 | 906,190 | 774,015 | 132,175 | 14.8 | 49% |
In its most recent public year (2023), this organization brought in $132,175 more than it spent. Its reserves stood at about 14.8 months of spending, down from 16.2 in 2021. Staff pay was 49% 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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