Gig Harbor Now
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 93,715 | 24,315 | 69,400 | 34.3 | 0% |
| 2022 | 179,488 | 132,872 | 46,616 | 10.5 | 42% |
| 2023 | 233,994 | 239,647 | −5,653 | 5.5 | 58% |
In its most recent public year (2023), this organization spent $5,653 more than it brought in. Its reserves stood at about 5.5 months of spending, down from 34.3 in 2021. Staff pay was 58% 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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