Freeport Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 6 | 41,951 | −41,945 | 13.9 | — |
| 2013 | 149,214 | 148,406 | 808 | 4.0 | — |
| 2014 | 98,502 | 85,804 | 12,698 | 8.7 | — |
| 2015 | 101,502 | 88,961 | 12,541 | 10.1 | — |
| 2016 | 95,015 | 94,388 | 627 | 9.3 | — |
| 2017 | 95,026 | 95,778 | −752 | 9.0 | — |
| 2018 | 95,024 | 96,746 | −1,722 | 8.7 | — |
| 2019 | 100,022 | 101,252 | −1,230 | 8.2 | — |
| 2020 | 100,024 | 129,427 | −29,403 | 3.7 | — |
| 2021 | 115,009 | 114,624 | 385 | 4.2 | — |
| 2022 | 120,837 | 82,194 | 38,643 | 11.5 | — |
| 2023 | 142,212 | 113,444 | 28,768 | 11.4 | — |
In its most recent public year (2023), this organization brought in $28,768 more than it spent. Its reserves stood at about 11.4 months of spending, down from 13.9 in 2012.
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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