Potomac Swimming And Recreation Association Inc Potomac
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 238,919 | 268,523 | −29,604 | 26.8 | 0% |
| 2012 | 398,456 | 550,464 | −152,008 | 9.8 | 0% |
| 2013 | 592,103 | 737,690 | −145,587 | 4.9 | 0% |
| 2014 | 709,449 | 786,769 | −77,320 | 3.4 | 0% |
| 2015 | 668,160 | 859,764 | −191,604 | 0.5 | 0% |
| 2016 | 705,731 | 751,707 | −45,976 | -0.2 | 0% |
| 2017 | 617,817 | 754,110 | −136,293 | -2.4 | 0% |
| 2018 | 615,811 | 747,165 | −131,354 | -4.5 | 0% |
| 2019 | 522,117 | 635,383 | −113,266 | -7.4 | 0% |
| 2020 | 447,030 | 489,834 | −42,804 | -10.7 | 0% |
| 2021 | 790,499 | 602,052 | 188,447 | -4.9 | 0% |
| 2022 | 667,169 | 739,893 | −72,724 | -5.2 | 0% |
| 2023 | 605,968 | 672,304 | −66,336 | -6.9 | 0% |
In its most recent public year (2023), this organization spent $66,336 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.9 months), down from 26.8 in 2011. Staff pay was 0% of spending. $725,604 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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