Morgans Point Resort Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 60,679 | 123,862 | −63,183 | 2.6 | — |
| 2021 | 196,883 | 226,929 | −30,046 | -0.2 | — |
| 2022 | 93,320 | 31,318 | 62,002 | 22.6 | — |
| 2023 | 59,768 | 20,291 | 39,477 | 58.2 | — |
In its most recent public year (2023), this organization brought in $39,477 more than it spent. Its reserves stood at about 58.2 months of spending, up from 2.6 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
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