Gig Harbor Boatshop
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 89,968 | 49,096 | 40,872 | 19.9 | — |
| 2012 | 153,921 | 64,689 | 89,232 | 31.7 | — |
| 2013 | 110,471 | 111,462 | −991 | 18.3 | — |
| 2014 | 169,886 | 128,051 | 41,835 | 14.2 | — |
| 2015 | 338,489 | 230,600 | 107,889 | 13.5 | 28% |
| 2016 | 190,021 | 218,239 | −28,218 | 12.7 | 35% |
| 2017 | 434,293 | 210,538 | 223,755 | 25.9 | 46% |
| 2018 | 241,355 | 240,529 | 826 | 22.7 | 44% |
| 2019 | 212,072 | 196,095 | 15,977 | 28.9 | 48% |
| 2020 | 131,785 | 91,859 | 39,926 | 66.8 | 35% |
| 2021 | 238,033 | 169,023 | 69,010 | 41.2 | 36% |
| 2022 | 92,695 | 159,906 | −67,211 | 38.5 | 43% |
| 2023 | 198,882 | 174,116 | 24,766 | 37.1 | 43% |
In its most recent public year (2023), this organization brought in $24,766 more than it spent. Its reserves stood at about 37.1 months of spending, up from 19.9 in 2011. Staff pay was 43% 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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