Milford Yacht Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 851,290 | 829,206 | 22,084 | 34.8 | 20% |
| 2020 | 582,202 | 805,536 | −223,334 | 32.5 | 29% |
| 2021 | 1,042,074 | 852,693 | 189,381 | 33.3 | 31% |
| 2022 | 1,003,002 | 984,203 | 18,799 | 29.1 | 30% |
| 2023 | 1,362,918 | 1,233,320 | 129,598 | 24.5 | 8% |
In its most recent public year (2023), this organization brought in $129,598 more than it spent. Its reserves stood at about 24.5 months of spending, down from 34.8 in 2019. Staff pay was 8% 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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