Lake Michigan Yacht Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 183,965 | 231,281 | −47,316 | 47.5 | 0% |
| 2012 | 204,352 | 275,968 | −71,616 | 42.5 | 0% |
| 2013 | 192,106 | 284,046 | −91,940 | 43.5 | 0% |
| 2014 | 175,702 | 276,320 | −100,618 | 46.6 | 7% |
| 2015 | 216,731 | 287,600 | −70,869 | 48.8 | 6% |
| 2016 | 194,871 | 264,725 | −69,854 | 57.5 | 7% |
| 2017 | 255,721 | 260,791 | −5,070 | 66.0 | 7% |
| 2018 | 266,630 | 275,099 | −8,469 | 69.4 | 7% |
| 2019 | 311,876 | 293,866 | 18,010 | 70.5 | 5% |
| 2021 | 460,294 | 344,218 | 116,076 | 70.1 | 3% |
| 2022 | 455,377 | 383,268 | 72,109 | 66.7 | 3% |
| 2023 | 667,941 | 468,405 | 199,536 | 61.0 | 3% |
In its most recent public year (2023), this organization brought in $199,536 more than it spent. Its reserves stood at about 61 months of spending, up from 47.5 in 2011. Staff pay was 3% 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
Lake Michigan Yacht Club Inc'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