Greater Glens Falls Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 60,397 | 270,295 | −209,898 | 84.1 | 1% |
| 2012 | 828,754 | 314,816 | 513,938 | 91.8 | 0% |
| 2013 | 779,115 | 127,547 | 651,568 | 288.0 | 0% |
| 2014 | 10,269 | 91,314 | −81,045 | 348.2 | 0% |
| 2015 | 15,333 | 177,179 | −161,846 | 168.5 | 0% |
| 2016 | 14,612 | 64,809 | −50,197 | 451.3 | 0% |
| 2017 | 22,382 | 58,011 | −35,629 | 496.8 | 0% |
| 2018 | 38,167 | 123,684 | −85,517 | 224.7 | 0% |
| 2019 | 140,154 | 220,969 | −80,815 | 121.4 | 0% |
| 2020 | 77,684 | 102,132 | −24,448 | 259.8 | 13% |
| 2021 | 376,260 | 45,496 | 330,764 | 670.4 | 20% |
| 2022 | 287,113 | 335,896 | −48,783 | 89.1 | 5% |
In its most recent public year (2022), this organization spent $48,783 more than it brought in. Its reserves stood at about 89.1 months of spending, up from 84.1 in 2011. Staff pay was 5% of spending. $808,125 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 2022. 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
Greater Glens Falls Local Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works