Ocean Avenue Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 531,984 | 217,648 | 314,336 | 17.3 | 30% |
| 2013 | 271,520 | 287,539 | −16,019 | 10.3 | 26% |
| 2014 | 288,407 | 261,247 | 27,160 | 12.6 | 26% |
| 2015 | 304,911 | 302,296 | 2,615 | 11.0 | 25% |
| 2016 | 366,728 | 361,605 | 5,123 | 9.4 | 36% |
| 2017 | 396,995 | 421,315 | −24,320 | 7.4 | 35% |
| 2018 | 429,511 | 443,369 | −13,858 | 6.6 | 34% |
| 2019 | 380,516 | 492,758 | −112,242 | 3.2 | 33% |
| 2020 | 441,163 | 395,364 | 45,799 | 5.4 | 35% |
| 2021 | 440,154 | 386,754 | 53,400 | 7.2 | 25% |
| 2022 | 541,581 | 527,797 | 13,784 | 5.7 | 28% |
| 2023 | 557,136 | 515,264 | 41,872 | 6.8 | 34% |
In its most recent public year (2023), this organization brought in $41,872 more than it spent. Its reserves stood at about 6.8 months of spending, down from 17.3 in 2012. Staff pay was 34% of spending. $90,956 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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