Clambake Club Of Newport
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 864,784 | 909,554 | −44,770 | 65.5 | 28% |
| 2021 | 783,873 | 1,034,738 | −250,865 | 54.5 | 28% |
| 2022 | 760,891 | 1,064,978 | −304,087 | 49.4 | 29% |
| 2023 | 2,062,965 | 1,155,420 | 907,545 | 54.8 | 29% |
In its most recent public year (2023), this organization brought in $907,545 more than it spent. Its reserves stood at about 54.8 months of spending, down from 65.5 in 2020. Staff pay was 29% of spending. $865,914 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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