Maine Center For Enterprise Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 871,455 | 817,716 | 53,739 | 0.2 | 31% |
| 2021 | 1,053,182 | 952,952 | 100,230 | 1.4 | 28% |
| 2022 | 962,397 | 1,020,453 | −58,056 | 0.6 | 38% |
| 2023 | 1,351,382 | 1,323,615 | 27,767 | 0.7 | 31% |
In its most recent public year (2023), this organization brought in $27,767 more than it spent. Its reserves stood at about 0.7 months of spending. Staff pay was 31% 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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