Meals Of Virginia Beach Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 270,957 | 275,404 | −4,447 | 30.5 | 27% |
| 2021 | 351,255 | 402,873 | −51,618 | 21.3 | 15% |
| 2022 | 256,252 | 416,543 | −160,291 | 13.8 | 14% |
| 2023 | 254,327 | 367,070 | −112,743 | 14.5 | 15% |
In its most recent public year (2023), this organization spent $112,743 more than it brought in. Its reserves stood at about 14.5 months of spending, down from 30.5 in 2020. Staff pay was 15% 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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