Historic Frostburg - A Maryland Main St Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 298,517 | 290,169 | 8,348 | 2.7 | 26% |
| 2023 | 188,824 | 199,949 | −11,125 | 3.3 | 23% |
| 2024 | 193,691 | 201,452 | −7,761 | 2.8 | 24% |
In its most recent public year (2024), this organization spent $7,761 more than it brought in. Its reserves stood at about 2.8 months of spending. Staff pay was 24% 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 2024. 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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