Seafarers Maryland Building Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,426,695 | 2,557,906 | −131,211 | 15.5 | 24% |
| 2021 | 2,438,208 | 2,614,196 | −175,988 | 14.4 | 22% |
| 2022 | 2,439,792 | 2,485,524 | −45,732 | 21.3 | 24% |
| 2023 | 2,463,431 | 2,724,103 | −260,672 | 20.9 | 24% |
In its most recent public year (2023), this organization spent $260,672 more than it brought in. Its reserves stood at about 20.9 months of spending, up from 15.5 in 2020. Staff pay was 24% 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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