Love The Sea
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 5,000 | 4,197 | 803 | 2.3 | — |
| 2023 | 61,668 | 43,036 | 18,632 | -3.8 | — |
| 2024 | 125,883 | 71,193 | 54,690 | 6.9 | — |
In its most recent public year (2024), this organization brought in $54,690 more than it spent. Its reserves stood at about 6.9 months of spending, up from 2.3 in 2016.
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 2024. 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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