Ocean City Hotel Motel And Restaurant Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 312,862 | 295,842 | 17,020 | 8.1 | 38% |
| 2021 | 380,772 | 267,460 | 113,312 | 14.1 | 42% |
| 2022 | 504,247 | 364,172 | 140,075 | 12.5 | 34% |
| 2023 | 592,251 | 466,821 | 125,430 | 12.9 | 34% |
In its most recent public year (2023), this organization brought in $125,430 more than it spent. Its reserves stood at about 12.9 months of spending, up from 8.1 in 2020. Staff pay was 34% 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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