Queens Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,360,239 | 1,428,104 | −67,865 | 9.7 | 38% |
| 2012 | 1,588,394 | 1,518,649 | 69,745 | 9.7 | 41% |
| 2013 | 1,603,459 | 1,623,058 | −19,599 | 9.3 | 42% |
| 2014 | 1,735,070 | 1,782,930 | −47,860 | 8.1 | 43% |
| 2015 | 1,666,347 | 1,658,054 | 8,293 | 8.8 | 44% |
| 2016 | 1,922,750 | 1,776,633 | 146,117 | 9.2 | 42% |
| 2017 | 1,881,408 | 1,850,421 | 30,987 | 9.0 | 47% |
| 2018 | 1,850,029 | 1,818,318 | 31,711 | 9.4 | 48% |
| 2019 | 2,057,657 | 1,917,705 | 139,952 | 9.8 | 6% |
| 2020 | 2,353,445 | 2,198,317 | 155,128 | 9.4 | 6% |
| 2021 | 2,838,360 | 2,321,163 | 517,197 | 11.3 | 5% |
| 2022 | 2,596,167 | 2,554,115 | 42,052 | 10.5 | 47% |
| 2023 | 2,989,661 | 2,975,906 | 13,755 | 9.1 | 4% |
In its most recent public year (2023), this organization brought in $13,755 more than it spent. Its reserves stood at about 9.1 months of spending. Staff pay was 4% 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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