Swim Melbourne Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 298,918 | 5,967 | 292,951 | 596.9 | 0% |
| 2022 | 192,241 | 6,843 | 185,398 | 845.6 | 0% |
| 2023 | 299,637 | 8,973 | 290,664 | 1033.6 | 0% |
In its most recent public year (2023), this organization brought in $290,664 more than it spent. Its reserves stood at about 1033.6 months of spending, up from 596.9 in 2021. Staff pay was 0% 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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