Operating record

St Michaels Business Association Inc

St Michaels, MD · EIN 52-2099720 · files the short form (990-EZ), so reduced detail · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$68,419$68,587−$1684.5
2021$22,032$17,866$4,16620.0
2022$33,974$20,914$13,06024.6
2023$26,428$23,728$2,70023.0

In its most recent public year (2023), this organization brought in $2,700 more than it spent. Its reserves stood at about 23 months of spending, up from 4.5 in 2020.

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 ↗