Ocean City Maryland Chamber Of Commerce Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 296,546 | 283,272 | 13,274 | 31.6 | 32% |
| 2012 | 296,946 | 285,788 | 11,158 | 31.8 | 33% |
| 2013 | 330,741 | 287,670 | 43,071 | 33.7 | 33% |
| 2014 | 301,896 | 468,989 | −167,093 | 17.5 | 20% |
| 2015 | 303,635 | 531,855 | −228,220 | 9.5 | 50% |
| 2016 | 844,420 | 857,387 | −12,967 | 5.7 | 40% |
| 2017 | 920,906 | 806,806 | 114,100 | 7.8 | 42% |
| 2018 | 924,711 | 813,575 | 111,136 | 9.4 | 45% |
| 2019 | 932,346 | 813,409 | 118,937 | 11.2 | 51% |
| 2020 | 760,938 | 741,567 | 19,371 | 12.6 | 44% |
| 2021 | 604,749 | 663,595 | −58,846 | 13.0 | 43% |
| 2022 | 646,787 | 818,747 | −171,960 | 8.0 | 44% |
| 2023 | 756,083 | 842,019 | −85,936 | 6.6 | 44% |
In its most recent public year (2023), this organization spent $85,936 more than it brought in. Its reserves stood at about 6.6 months of spending, down from 31.6 in 2011. Staff pay was 44% 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
Ocean City Maryland Chamber Of Commerce Incorporated's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works