Troy Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 252,449 | 473,478 | −221,029 | 63.3 | 0% |
| 2017 | 208,069 | 260,741 | −52,672 | 56.0 | 0% |
| 2018 | 79,272 | 197,712 | −118,440 | 66.7 | 0% |
| 2019 | 1,233,073 | 271,450 | 961,623 | 91.1 | 0% |
| 2020 | 460,824 | 436,283 | 24,541 | 57.3 | 3% |
| 2021 | 142,388 | 288,717 | −146,329 | 80.6 | 5% |
| 2022 | 290,738 | 138,341 | 152,397 | 182.9 | 11% |
| 2023 | 403,838 | 319,362 | 84,476 | 82.4 | 5% |
In its most recent public year (2023), this organization brought in $84,476 more than it spent. Its reserves stood at about 82.4 months of spending, up from 63.3 in 2016. Staff pay was 5% 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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