Operating record

Corinthian Yacht Club

Marblehead, MA · EIN 04-1209030 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$4,021,337$3,589,434$431,90330.944%
2021$5,182,272$3,918,894$1,263,37832.244%
2022$4,657,900$4,529,212$128,68828.244%
2023$5,832,080$4,969,790$862,29027.846%

In its most recent public year (2023), this organization brought in $862,290 more than it spent. Its reserves stood at about 27.8 months of spending, down from 30.9 in 2020. Staff pay was 46% 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 ↗