Herreshoff Marine Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,863,206 | 1,430,800 | 432,406 | 28.0 | 41% |
| 2021 | 1,431,291 | 1,486,219 | −54,928 | 26.9 | 47% |
| 2022 | 1,623,876 | 1,565,625 | 58,251 | 25.6 | 44% |
| 2023 | 1,640,313 | 1,553,916 | 86,397 | 26.7 | 45% |
In its most recent public year (2023), this organization brought in $86,397 more than it spent. Its reserves stood at about 26.7 months of spending, down from 28 in 2020. Staff pay was 45% of spending. $1,514,948 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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