Block Island Maritime Funding Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2008 | 4,590,407 | 312,611 | 4,277,796 | 103.3 | 23% |
| 2009 | −1,339,050 | 355,081 | −1,694,131 | 199.5 | 15% |
| 2011 | 1,650,258 | 836,432 | 813,826 | 16.7 | 8% |
| 2012 | 1,149,361 | 1,140,211 | 9,150 | 12.4 | 5% |
| 2013 | 770,354 | 913,620 | −143,266 | 13.6 | 3% |
| 2014 | 1,205,328 | 936,545 | 268,783 | 16.7 | 4% |
| 2015 | 9,668,467 | 3,213,357 | 6,455,110 | 29.0 | 2% |
| 2016 | 3,830,021 | 5,208,072 | −1,378,051 | 14.7 | 4% |
| 2017 | 1,568,929 | 2,635,813 | −1,066,884 | 24.2 | 8% |
| 2018 | −266,789 | 2,083,889 | −2,350,678 | 17.0 | 10% |
| 2019 | 663,606 | 1,456,518 | −792,912 | 17.9 | 14% |
| 2020 | 1,274,723 | 1,457,686 | −182,963 | 16.3 | 13% |
| 2021 | 1,817,313 | 1,759,039 | 58,274 | 13.9 | 9% |
| 2022 | 1,093,821 | 1,600,300 | −506,479 | 11.5 | 9% |
| 2023 | 1,850,050 | 1,515,538 | 334,512 | 14.8 | 12% |
In its most recent public year (2023), this organization brought in $334,512 more than it spent. Its reserves stood at about 14.8 months of spending, down from 103.3 in 2008. Staff pay was 12% of spending.
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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