Essex Yacht Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,568,699 | 1,347,937 | 220,762 | 21.6 | 50% |
| 2021 | 1,910,732 | 1,440,258 | 470,474 | 19.2 | 50% |
| 2022 | 1,699,048 | 1,622,260 | 76,788 | 17.6 | 48% |
| 2023 | 362,011 | 462,552 | −100,541 | 59.9 | 49% |
In its most recent public year (2023), this organization spent $100,541 more than it brought in. Its reserves stood at about 59.9 months of spending, up from 21.6 in 2020. Staff pay was 49% 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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