500 Sails
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 384,479 | 333,673 | 50,806 | 4.4 | 24% |
| 2019 | 284,004 | 316,881 | −32,877 | 3.2 | 16% |
| 2020 | 232,318 | 310,587 | −78,269 | 0.2 | 14% |
| 2022 | 2,192,711 | 545,730 | 1,646,981 | 44.0 | 57% |
| 2023 | 415,446 | 492,633 | −77,187 | 46.9 | 59% |
In its most recent public year (2023), this organization spent $77,187 more than it brought in. Its reserves stood at about 46.9 months of spending, up from 4.4 in 2018. Staff pay was 59% 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
500 Sails's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works