Groton Long Point Yacht Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 81,060 | 118,461 | −37,401 | 17.9 | 22% |
| 2021 | 428,569 | 357,664 | 70,905 | 8.3 | 48% |
| 2022 | 539,597 | 515,504 | 24,093 | 6.3 | 39% |
| 2023 | 476,446 | 450,554 | 25,892 | 7.9 | 49% |
In its most recent public year (2023), this organization brought in $25,892 more than it spent. Its reserves stood at about 7.9 months of spending, down from 17.9 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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