Galveston Island Swim Team Gist
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 78,469 | 48,422 | 30,047 | 9.5 | — |
| 2024 | 138,780 | 115,558 | 23,222 | 7.7 | — |
In its most recent public year (2024), this organization brought in $23,222 more than it spent. Its reserves stood at about 7.7 months of spending, down from 9.5 in 2020.
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 2024. 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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