Gulf Of Maine Lobster Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 377,661 | 377,510 | 151 | 2.8 | 33% |
| 2021 | 438,105 | 433,605 | 4,500 | 2.6 | 30% |
| 2022 | 540,400 | 531,667 | 8,733 | 2.3 | 22% |
| 2023 | 972,485 | 960,199 | 12,286 | 1.4 | 16% |
In its most recent public year (2023), this organization brought in $12,286 more than it spent. Its reserves stood at about 1.4 months of spending, down from 2.8 in 2020. Staff pay was 16% 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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