Seaworthy Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 4,218 | 3,422 | 796 | 2.8 | — |
| 2022 | 98,112 | 69,990 | 28,122 | 5.0 | — |
| 2023 | 529,089 | 182,867 | 346,222 | 24.6 | 45% |
In its most recent public year (2023), this organization brought in $346,222 more than it spent. Its reserves stood at about 24.6 months of spending, up from 2.8 in 2021. Staff pay was 45% 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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