Visit Baltimore Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 16,212,105 | 15,349,631 | 862,474 | 3.2 | 39% |
| 2021 | 24,324,817 | 23,478,854 | 845,963 | 2.3 | 18% |
| 2022 | 23,022,151 | 14,334,757 | 8,687,394 | 4.9 | 30% |
| 2023 | 17,615,014 | 15,249,061 | 2,365,953 | 6.5 | 34% |
In its most recent public year (2023), this organization brought in $2,365,953 more than it spent. Its reserves stood at about 6.5 months of spending, up from 3.2 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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