Lake Superior Tall Ships
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 338,655 | 34,240 | 304,415 | 106.7 | 0% |
| 2015 | 19,583 | 30,394 | −10,811 | 114.9 | 0% |
| 2016 | 43,162 | 36,568 | 6,594 | 82.4 | — |
| 2018 | 208,941 | 149,079 | 59,862 | 23.5 | 31% |
| 2019 | 97,057 | 146,951 | −49,894 | 19.7 | — |
| 2020 | 78,234 | 106,420 | −28,186 | 24.3 | — |
| 2021 | 67,861 | 127,435 | −59,574 | 14.7 | — |
| 2022 | 94,971 | 123,770 | −28,799 | 12.3 | — |
| 2023 | 140,042 | 156,464 | −16,422 | 8.5 | — |
In its most recent public year (2023), this organization spent $16,422 more than it brought in. Its reserves stood at about 8.5 months of spending, down from 106.7 in 2014.
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
Lake Superior Tall Ships's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works