Melbourne Main Street Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 186,473 | 217,696 | −31,223 | 11.0 | 62% |
| 2021 | 232,346 | 296,366 | −64,020 | 5.5 | 64% |
| 2022 | 258,783 | 309,840 | −51,057 | 3.3 | 63% |
| 2023 | 332,845 | 332,106 | 739 | 3.1 | 58% |
In its most recent public year (2023), this organization brought in $739 more than it spent. Its reserves stood at about 3.1 months of spending, down from 11 in 2020. Staff pay was 58% of spending. $8,376 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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