Eastern Maine Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,391,274 | 8,401,751 | −1,010,477 | 7.6 | 30% |
| 2012 | 6,373,818 | 6,781,254 | −407,436 | 8.7 | 29% |
| 2013 | 5,087,389 | 5,046,977 | 40,412 | 11.3 | 36% |
| 2014 | 3,978,900 | 4,529,236 | −550,336 | 11.1 | 38% |
| 2015 | 4,928,336 | 4,719,262 | 209,074 | 11.2 | 40% |
| 2016 | 5,382,179 | 4,991,895 | 390,284 | 11.8 | 38% |
| 2017 | 5,340,792 | 4,505,680 | 835,112 | 15.3 | 41% |
| 2018 | 4,165,924 | 3,944,397 | 221,527 | 18.1 | 39% |
| 2019 | 5,349,511 | 5,694,960 | −345,449 | 11.7 | 32% |
| 2020 | 4,085,051 | 4,144,744 | −59,693 | 15.9 | 50% |
| 2021 | 64,676,194 | 61,045,869 | 3,630,325 | 1.8 | 5% |
| 2022 | 11,157,433 | 10,616,424 | 541,009 | 11.2 | 23% |
| 2023 | 6,477,472 | 6,672,882 | −195,410 | 16.9 | 37% |
In its most recent public year (2023), this organization spent $195,410 more than it brought in. Its reserves stood at about 16.9 months of spending, up from 7.6 in 2011. Staff pay was 37% of spending. $7,098,463 of its net assets are donor-restricted.
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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