Italian American Club Of Hilton Head
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 28,875 | 27,784 | 1,091 | 14.2 | — |
| 2021 | 57,575 | 25,511 | 32,064 | 30.6 | — |
| 2022 | 29,320 | 27,071 | 2,249 | 29.8 | — |
| 2023 | 52,730 | 65,632 | −12,902 | 9.9 | — |
In its most recent public year (2023), this organization spent $12,902 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 14.2 in 2020.
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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