Skagit Council On Aging
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 141,983 | 175,430 | −33,447 | 9.2 | 0% |
| 2020 | 214,241 | 170,344 | 43,897 | 12.5 | 0% |
| 2021 | 273,482 | 92,880 | 180,602 | 46.3 | 0% |
| 2022 | 170,196 | 285,723 | −115,527 | 10.2 | 0% |
| 2023 | 262,648 | 188,253 | 74,395 | 20.2 | 0% |
In its most recent public year (2023), this organization brought in $74,395 more than it spent. Its reserves stood at about 20.2 months of spending, up from 9.2 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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