Ocean Voyages Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 538,418 | 298,419 | 239,999 | 67.6 | 0% |
| 2021 | 2,118,446 | 405,017 | 1,713,429 | 100.6 | 0% |
| 2022 | 770,667 | 483,329 | 287,338 | 84.0 | 0% |
| 2023 | 478,925 | 241,250 | 237,675 | 191.9 | 0% |
In its most recent public year (2023), this organization brought in $237,675 more than it spent. Its reserves stood at about 191.9 months of spending, up from 67.6 in 2020. 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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