Improve Norwich Now
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 171,457 | 113,949 | 57,508 | 1.4 | — |
| 2023 | 204,314 | 87,299 | 117,015 | 17.9 | 74% |
In its most recent public year (2023), this organization brought in $117,015 more than it spent. Its reserves stood at about 17.9 months of spending, up from 1.4 in 2022. Staff pay was 74% 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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