Virginia Beach Hotel Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 313,902 | 303,913 | 9,989 | 15.5 | 34% |
| 2012 | 326,171 | 299,684 | 26,487 | 16.8 | 36% |
| 2013 | 333,487 | 353,551 | −20,064 | 13.6 | 41% |
| 2014 | 322,228 | 303,700 | 18,528 | 16.5 | 19% |
| 2015 | 340,646 | 304,479 | 36,167 | 17.9 | 25% |
| 2016 | 353,297 | 332,984 | 20,313 | 17.1 | 37% |
| 2017 | 367,075 | 331,752 | 35,323 | 18.5 | 41% |
| 2018 | 353,709 | 343,810 | 9,899 | 18.2 | 37% |
| 2019 | 326,688 | 325,286 | 1,402 | 19.2 | 47% |
| 2020 | 325,680 | 317,218 | 8,462 | 20.0 | 49% |
| 2021 | 240,560 | 242,940 | −2,380 | 26.1 | 67% |
| 2022 | 400,248 | 446,760 | −46,512 | 12.9 | 41% |
| 2023 | 264,134 | 311,632 | −47,498 | 16.7 | 57% |
In its most recent public year (2023), this organization spent $47,498 more than it brought in. Its reserves stood at about 16.7 months of spending, up from 15.5 in 2011. Staff pay was 57% 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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