Norway Shores Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 297,402 | 266,301 | 31,101 | 6.2 | 0% |
| 2021 | 306,034 | 272,439 | 33,595 | 7.3 | 0% |
| 2022 | 285,216 | 273,830 | 11,386 | 5.5 | 0% |
| 2023 | 314,556 | 206,034 | 108,522 | 15.6 | 0% |
In its most recent public year (2023), this organization brought in $108,522 more than it spent. Its reserves stood at about 15.6 months of spending, up from 6.2 in 2020. Staff pay was 0% of spending. $596,010 of its net assets are donor-restricted.
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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