Andover Islamic Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 162,328 | 83,886 | 78,442 | 11.2 | — |
| 2020 | 154,928 | 106,517 | 48,411 | 14.3 | — |
| 2021 | 332,609 | 208,236 | 124,373 | 14.5 | 0% |
| 2022 | 599,792 | 150,066 | 449,726 | 56.1 | 0% |
| 2023 | 353,364 | 477,919 | −124,555 | 14.5 | 0% |
In its most recent public year (2023), this organization spent $124,555 more than it brought in. Its reserves stood at about 14.5 months of spending, up from 11.2 in 2019. Staff pay was 0% 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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