Gloucester Marine Genomics Institute Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,200,360 | 2,905,680 | −705,320 | 23.7 | 52% |
| 2021 | 3,696,624 | 3,299,148 | 397,476 | 22.3 | 48% |
| 2022 | 4,950,560 | 4,182,030 | 768,530 | 19.8 | 51% |
| 2023 | 5,663,713 | 5,271,443 | 392,270 | 16.6 | 50% |
In its most recent public year (2023), this organization brought in $392,270 more than it spent. Its reserves stood at about 16.6 months of spending, down from 23.7 in 2020. Staff pay was 50% of spending. $3,457,867 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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