Governors Island Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 43,933,833 | 14,571,239 | 29,362,594 | 24.2 | 9% |
| 2012 | 38,058,297 | 13,495,556 | 24,562,741 | 47.7 | 10% |
| 2013 | 113,185,776 | 13,796,600 | 99,389,176 | 133.1 | 14% |
| 2014 | 116,469,105 | 16,057,248 | 100,411,857 | 189.4 | 12% |
| 2015 | 82,898,921 | 26,309,801 | 56,589,120 | 141.4 | 7% |
| 2016 | 54,287,036 | 30,347,240 | 23,939,796 | 132.1 | 7% |
| 2017 | 44,846,229 | 35,177,690 | 9,668,539 | 117.2 | 6% |
| 2018 | 42,260,430 | 41,732,986 | 527,444 | 99.0 | 7% |
| 2019 | 37,007,847 | 42,000,369 | −4,992,522 | 96.9 | 8% |
| 2020 | 29,173,700 | 41,461,042 | −12,287,342 | 94.6 | 9% |
| 2021 | 30,303,739 | 43,797,262 | −13,493,523 | 85.9 | 9% |
| 2022 | 44,688,095 | 46,497,602 | −1,809,507 | 80.8 | 11% |
| 2023 | 65,206,529 | 54,135,369 | 11,071,160 | 71.8 | 11% |
In its most recent public year (2023), this organization brought in $11,071,160 more than it spent. Its reserves stood at about 71.8 months of spending, up from 24.2 in 2011. Staff pay was 11% 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
Governors Island Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works