Maine Seacoast Mission
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,369,476 | 4,081,167 | 1,288,309 | 191.4 | 47% |
| 2022 | 6,067,489 | 4,466,077 | 1,601,412 | 162.5 | 45% |
| 2023 | 4,227,758 | 5,181,991 | −954,233 | 146.5 | 42% |
In its most recent public year (2023), this organization spent $954,233 more than it brought in. Its reserves stood at about 146.5 months of spending, down from 191.4 in 2021. Staff pay was 42% of spending. $28,759,766 of its net assets are donor-restricted.
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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