Institute For Shipboard Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 63,990,365 | 60,955,623 | 3,034,742 | 0.9 | 8% |
| 2012 | 55,316,301 | 63,743,050 | −8,426,749 | -0.5 | 7% |
| 2013 | 55,360,915 | 60,847,043 | −5,486,128 | -1.4 | 8% |
| 2014 | 56,927,232 | 56,390,425 | 536,807 | 0.1 | 8% |
| 2015 | 55,355,391 | 41,716,519 | 13,638,872 | 4.1 | 9% |
| 2016 | 36,153,105 | 31,749,743 | 4,403,362 | 6.7 | 12% |
| 2017 | 41,588,478 | 35,076,211 | 6,512,267 | 8.3 | 13% |
| 2018 | 41,429,749 | 36,483,900 | 4,945,849 | 9.6 | 14% |
| 2019 | 49,790,138 | 39,984,432 | 9,805,706 | 11.6 | 14% |
| 2020 | 38,961,541 | 36,477,936 | 2,483,605 | 13.7 | 15% |
| 2021 | 5,792,396 | 13,520,488 | −7,728,092 | 31.9 | 25% |
| 2022 | 20,995,470 | 24,793,405 | −3,797,935 | 14.8 | 17% |
| 2023 | 39,471,061 | 38,700,369 | 770,692 | 9.7 | 13% |
In its most recent public year (2023), this organization brought in $770,692 more than it spent. Its reserves stood at about 9.7 months of spending, up from 0.9 in 2011. Staff pay was 13% of spending. $17,727,646 of its net assets are donor-restricted.
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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