Mcdonough Hospitality And Tourism Board Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 584,308 | 832,640 | −248,332 | 4.5 | 10% |
| 2021 | 750,535 | 440,489 | 310,046 | 16.9 | 15% |
| 2022 | 684,850 | 459,230 | 225,620 | 22.1 | 13% |
| 2023 | 939,615 | 561,828 | 377,787 | 26.1 | 6% |
| 2024 | 1,444,899 | 557,382 | 887,517 | 43.8 | 0% |
In its most recent public year (2024), this organization brought in $887,517 more than it spent. Its reserves stood at about 43.8 months of spending, up from 4.5 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 2024. 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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