Operating record

Breakwater Learning

Portland, ME · EIN 01-0249577 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$4,073,860$3,871,342$202,5185.251%
2021$3,833,883$3,489,779$344,1047.151%
2022$4,201,509$3,918,911$282,5986.753%
2023$4,775,965$4,690,463$85,5025.953%

In its most recent public year (2023), this organization brought in $85,502 more than it spent. Its reserves stood at about 5.9 months of spending. Staff pay was 53% of spending. $544,238 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 ↗