Destination Marketing Corporation For Otsego County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 543,426 | 422,562 | 120,864 | 3.4 | 12% |
| 2015 | 609,491 | 592,268 | 17,223 | 2.8 | 12% |
| 2016 | 678,135 | 647,811 | 30,324 | 3.1 | 16% |
| 2017 | 717,099 | 746,379 | −29,280 | 2.2 | 12% |
| 2018 | 747,778 | 758,097 | −10,319 | 2.0 | 15% |
| 2019 | 816,886 | 807,195 | 9,691 | 2.1 | 15% |
| 2020 | 783,201 | 656,098 | 127,103 | 4.9 | 28% |
| 2021 | 1,001,445 | 805,298 | 196,147 | 6.9 | 20% |
| 2022 | 1,230,357 | 1,234,466 | −4,109 | 4.4 | 14% |
| 2023 | 1,198,497 | 1,178,170 | 20,327 | 4.9 | 17% |
In its most recent public year (2023), this organization brought in $20,327 more than it spent. Its reserves stood at about 4.9 months of spending, up from 3.4 in 2014. Staff pay was 17% 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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