Marblehead Yacht Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 335,206 | 335,127 | 79 | 8.4 | 40% |
| 2021 | 348,469 | 323,541 | 24,928 | 9.6 | 40% |
| 2022 | 349,156 | 362,813 | −13,657 | 7.6 | 42% |
| 2023 | 379,965 | 378,810 | 1,155 | 7.3 | 41% |
In its most recent public year (2023), this organization brought in $1,155 more than it spent. Its reserves stood at about 7.3 months of spending, down from 8.4 in 2020. Staff pay was 41% 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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