Facilities And Marine Engineering Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 32,414 | 61,770 | −29,356 | 65.6 | — |
| 2021 | 145,992 | 51,949 | 94,043 | 99.7 | — |
| 2022 | 61,135 | 60,652 | 483 | 85.5 | — |
| 2023 | 60,716 | 42,813 | 17,903 | 126.1 | — |
In its most recent public year (2023), this organization brought in $17,903 more than it spent. Its reserves stood at about 126.1 months of spending, up from 65.6 in 2020.
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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