Andover Community Food Bank
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 85,113 | 69,196 | 15,917 | 9.2 | — |
| 2021 | 92,468 | 59,873 | 32,595 | 17.1 | — |
| 2022 | 80,398 | 92,738 | −12,340 | 9.5 | — |
| 2023 | 55,723 | 68,318 | −12,595 | 10.6 | — |
In its most recent public year (2023), this organization spent $12,595 more than it brought in. Its reserves stood at about 10.6 months of spending, up from 9.2 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 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
Andover Community Food Bank's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works