Gba Ships Florence Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,068,358 | 3,662,734 | 405,624 | 17.1 | 30% |
| 2021 | 4,417,791 | 4,501,984 | −84,193 | 13.6 | 22% |
| 2022 | 4,408,095 | 5,978,414 | −1,570,319 | 7.1 | 22% |
| 2023 | 4,286,332 | 4,701,551 | −415,219 | 8.0 | 30% |
In its most recent public year (2023), this organization spent $415,219 more than it brought in. Its reserves stood at about 8 months of spending, down from 17.1 in 2020. Staff pay was 30% 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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