Icebreaker Mackinac Maritime Museum Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 225,182 | 233,671 | −8,489 | 114.8 | 48% |
| 2021 | 322,433 | 261,021 | 61,412 | 104.4 | 46% |
| 2022 | 237,278 | 271,323 | −34,045 | 98.9 | 50% |
| 2023 | 222,976 | 257,900 | −34,924 | 103.0 | 55% |
In its most recent public year (2023), this organization spent $34,924 more than it brought in. Its reserves stood at about 103 months of spending, down from 114.8 in 2020. Staff pay was 55% 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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