Michigan City Yacht Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 34,995 | 46,201 | −11,206 | 15.6 | — |
| 2013 | 29,481 | 45,925 | −16,444 | 11.4 | — |
| 2018 | 38,127 | 28,492 | 9,635 | 22.9 | — |
| 2020 | 52,838 | 43,500 | 9,338 | 22.7 | — |
| 2021 | 42,931 | 68,977 | −26,046 | 9.8 | — |
| 2022 | 46,719 | 40,538 | 6,181 | 18.5 | — |
| 2023 | 61,558 | 56,425 | 5,133 | 14.4 | — |
In its most recent public year (2023), this organization brought in $5,133 more than it spent. Its reserves stood at about 14.4 months of spending, down from 15.6 in 2012.
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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