Salem Yacht And Boating Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 53,042 | 53,844 | −802 | 26.4 | — |
| 2020 | 49,944 | 40,147 | 9,797 | 38.3 | — |
| 2021 | 61,143 | 54,444 | 6,699 | 29.7 | — |
| 2022 | 75,779 | 57,574 | 18,205 | 31.9 | — |
| 2023 | 91,042 | 80,430 | 10,612 | 24.4 | — |
In its most recent public year (2023), this organization brought in $10,612 more than it spent. Its reserves stood at about 24.4 months of spending, down from 26.4 in 2019.
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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