Niantic Bay Yacht Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 354,596 | 351,542 | 3,054 | 33.7 | 25% |
| 2021 | 358,657 | 310,128 | 48,529 | 40.1 | 23% |
| 2022 | 395,937 | 365,563 | 30,374 | 35.0 | 22% |
| 2023 | 402,444 | 389,717 | 12,727 | 33.2 | 23% |
In its most recent public year (2023), this organization brought in $12,727 more than it spent. Its reserves stood at about 33.2 months of spending. Staff pay was 23% 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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