Institute Of Navigation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,464,159 | 1,527,939 | −63,780 | 125.0 | 59% |
| 2022 | 4,792,944 | 2,209,642 | 2,583,302 | 91.2 | 45% |
| 2023 | 3,176,339 | 2,840,903 | 335,436 | 67.9 | 38% |
| 2024 | 5,131,576 | 3,054,178 | 2,077,398 | 84.1 | 32% |
In its most recent public year (2024), this organization brought in $2,077,398 more than it spent. Its reserves stood at about 84.1 months of spending, down from 125 in 2021. Staff pay was 32% 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 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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