Norfolk Area Visitors Bureau
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 364,181 | 350,552 | 13,629 | 4.5 | 44% |
| 2021 | 352,047 | 333,043 | 19,004 | 5.5 | 50% |
| 2022 | 392,279 | 415,588 | −23,309 | 3.7 | 41% |
| 2023 | 450,864 | 450,987 | −123 | 3.4 | 39% |
In its most recent public year (2023), this organization spent $123 more than it brought in. Its reserves stood at about 3.4 months of spending, down from 4.5 in 2020. Staff pay was 39% 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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