Wessagussett Yacht Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 264,340 | 307,156 | −42,816 | -10.5 | 14% |
| 2021 | 329,990 | 298,420 | 31,570 | -9.5 | 18% |
| 2022 | 577,146 | 440,042 | 137,104 | -2.7 | 12% |
| 2023 | 314,852 | 288,881 | 25,971 | -3.1 | 21% |
In its most recent public year (2023), this organization brought in $25,971 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3.1 months), up from -10.5 in 2020. Staff pay was 21% 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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