Hull Lifesaving Museum Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 291,911 | 286,092 | 5,819 | 25.7 | 55% |
| 2021 | 226,305 | 239,990 | −13,685 | 29.0 | 52% |
| 2022 | 426,501 | 338,280 | 88,221 | 39.8 | 56% |
| 2023 | 384,824 | 441,588 | −56,764 | 28.0 | 54% |
In its most recent public year (2023), this organization spent $56,764 more than it brought in. Its reserves stood at about 28 months of spending, up from 25.7 in 2020. Staff pay was 54% of spending. $943,858 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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