Operating record

Gloucester Fraternity Club Inc

Gloucester, MA · EIN 04-6166376 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$354,567$406,278−$51,7117.114%
2021$548,233$572,998−$24,7654.915%
2022$392,311$418,840−$26,5296.021%
2023$414,287$449,308−$35,0214.620%

In its most recent public year (2023), this organization spent $35,021 more than it brought in. Its reserves stood at about 4.6 months of spending, down from 7.1 in 2020. Staff pay was 20% 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 ↗