Great Lakes Shipwreck Historical Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 895,868 | 730,718 | 165,150 | 49.4 | 34% |
| 2021 | 1,273,806 | 779,143 | 494,663 | 53.4 | 33% |
| 2022 | 1,226,774 | 943,609 | 283,165 | 47.7 | 35% |
| 2023 | 1,272,326 | 1,009,696 | 262,630 | 47.7 | 36% |
In its most recent public year (2023), this organization brought in $262,630 more than it spent. Its reserves stood at about 47.7 months of spending, down from 49.4 in 2020. Staff pay was 36% 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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