Naval Academy Sailing Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,114,798 | 3,447,124 | −1,332,326 | 133.0 | 3% |
| 2021 | 847,663 | 3,572,221 | −2,724,558 | 121.7 | 4% |
| 2022 | 2,874,725 | 2,638,161 | 236,564 | 155.5 | 5% |
| 2023 | 171,405 | 2,816,992 | −2,645,587 | 141.6 | 5% |
In its most recent public year (2023), this organization spent $2,645,587 more than it brought in. Its reserves stood at about 141.6 months of spending, up from 133 in 2020. Staff pay was 5% of spending. $263,783 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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