Portsmouth Invitational Tournament Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 91,311 | 250 | 91,061 | 26018.9 | 0% |
| 2021 | 36,819 | 75,036 | −38,217 | 80.6 | 0% |
| 2022 | 152,024 | 204,480 | −52,456 | 26.5 | 0% |
| 2023 | 265,939 | 232,214 | 33,725 | 25.1 | 0% |
In its most recent public year (2023), this organization brought in $33,725 more than it spent. Its reserves stood at about 25.1 months of spending, down from 26018.9 in 2020. Staff pay was 0% 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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