World Ocean School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 902,476 | 1,149,924 | −247,448 | -2.7 | 51% |
| 2021 | 1,828,128 | 1,278,082 | 550,046 | 2.8 | 48% |
| 2022 | 2,521,661 | 1,660,114 | 861,547 | 8.4 | 43% |
| 2023 | 1,683,135 | 1,765,101 | −81,966 | 7.3 | 41% |
In its most recent public year (2023), this organization spent $81,966 more than it brought in. Its reserves stood at about 7.3 months of spending, up from -2.7 in 2020. Staff pay was 41% of spending. $1,047,263 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
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