Downtown Morehead City Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 80,785 | 74,194 | 6,591 | 8.9 | — |
| 2013 | 87,024 | 83,968 | 3,056 | 8.3 | — |
| 2014 | 101,491 | 92,052 | 9,439 | 8.8 | 74% |
| 2015 | 110,316 | 102,674 | 7,642 | 8.8 | — |
| 2016 | 97,423 | 100,655 | −3,232 | 8.6 | — |
| 2017 | 110,413 | 92,420 | 17,993 | 11.7 | 69% |
| 2018 | 155,678 | 112,395 | 43,283 | 14.2 | 66% |
| 2019 | 158,598 | 135,861 | 22,737 | 13.8 | 61% |
| 2020 | 169,274 | 161,513 | 7,761 | 12.2 | 63% |
| 2021 | 148,022 | 146,245 | 1,777 | 13.6 | 69% |
| 2022 | 159,523 | 152,293 | 7,230 | 15.3 | 65% |
| 2023 | 179,013 | 160,525 | 18,488 | 15.9 | 65% |
| 2024 | 189,753 | 166,126 | 23,627 | 17.1 | 63% |
In its most recent public year (2024), this organization brought in $23,627 more than it spent. Its reserves stood at about 17.1 months of spending, up from 8.9 in 2012. Staff pay was 63% 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
Downtown Morehead City Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works