Presque Isle Light Station
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 40,423 | 15,884 | 24,539 | 18.5 | — |
| 2015 | 256,119 | 55,684 | 200,435 | 48.5 | 5% |
| 2016 | 129,535 | 85,269 | 44,266 | 37.9 | — |
| 2017 | 253,514 | 112,620 | 140,894 | 43.7 | 54% |
| 2018 | 266,374 | 156,367 | 110,007 | 39.9 | 46% |
| 2019 | 250,177 | 181,274 | 68,903 | 39.0 | 46% |
| 2020 | 105,264 | 137,121 | −31,857 | 48.8 | 33% |
| 2021 | 331,550 | 166,612 | 164,938 | 52.0 | 47% |
| 2022 | 425,289 | 355,435 | 69,854 | 26.7 | 37% |
| 2023 | 379,832 | 392,820 | −12,988 | 23.8 | 47% |
In its most recent public year (2023), this organization spent $12,988 more than it brought in. Its reserves stood at about 23.8 months of spending, up from 18.5 in 2014. Staff pay was 47% of spending. $249,012 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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