Fleet Reserve Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,083,726 | 2,976,243 | −892,517 | 10.5 | 45% |
| 2021 | 3,173,307 | 3,109,285 | 64,022 | 10.8 | 44% |
| 2022 | 2,336,539 | 2,943,776 | −607,237 | 7.0 | 45% |
In its most recent public year (2022), this organization spent $607,237 more than it brought in. Its reserves stood at about 7 months of spending, down from 10.5 in 2020. Staff pay was 45% of spending. $820,760 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 2022. 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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