Lundeberg Maryland Seamanship School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,003,326 | 21,500,706 | −1,497,380 | 13.8 | 15% |
| 2012 | 20,239,264 | 22,222,068 | −1,982,804 | 12.3 | 15% |
| 2013 | 19,510,431 | 21,257,798 | −1,747,367 | 11.9 | 16% |
| 2014 | 19,744,000 | 21,537,183 | −1,793,183 | 10.7 | 17% |
| 2015 | 20,932,540 | 23,432,941 | −2,500,401 | 8.6 | 21% |
| 2016 | 21,306,791 | 24,081,212 | −2,774,421 | 6.9 | 28% |
| 2017 | 6,971,833 | 25,613,863 | −18,642,030 | 5.1 | 29% |
| 2018 | 6,493,527 | 26,372,981 | −19,879,454 | 3.6 | 30% |
| 2019 | 7,019,437 | 27,182,842 | −20,163,405 | 2.0 | 29% |
| 2020 | 3,852,475 | 24,289,530 | −20,437,055 | -0.7 | 33% |
| 2021 | 7,542,637 | 24,981,631 | −17,438,994 | -1.0 | 30% |
| 2022 | 5,844,052 | 26,693,617 | −20,849,565 | 18.5 | 30% |
| 2023 | 7,980,173 | 29,053,825 | −21,073,652 | 17.9 | 31% |
In its most recent public year (2023), this organization spent $21,073,652 more than it brought in. Its reserves stood at about 17.9 months of spending, up from 13.8 in 2011. Staff pay was 31% 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
Lundeberg Maryland Seamanship School Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works