Houghton Main Street Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 87,707 | 74,169 | 13,538 | 7.6 | — |
| 2021 | 91,295 | 36,962 | 54,333 | 32.9 | — |
| 2022 | 268,000 | 14,858 | 253,142 | 286.2 | 0% |
| 2023 | 1,886,465 | 1,511,387 | 375,078 | 5.8 | 9% |
In its most recent public year (2023), this organization brought in $375,078 more than it spent. Its reserves stood at about 5.8 months of spending, down from 7.6 in 2020. Staff pay was 9% 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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