Syracuse Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 505,833 | 329,990 | 175,843 | -280.4 | 0% |
| 2012 | 10,380,702 | 407,520 | 9,973,182 | 68.7 | 0% |
| 2013 | 203,571 | 420,529 | −216,958 | 60.3 | 0% |
| 2014 | 490,001 | 400,637 | 89,364 | 66.0 | 16% |
| 2015 | 424,402 | 444,060 | −19,658 | 59.0 | 10% |
| 2016 | 276,855 | 344,545 | −67,690 | 73.7 | 0% |
| 2017 | 253,016 | 471,706 | −218,690 | 46.9 | 0% |
| 2018 | 8,914,908 | 508,751 | 8,406,157 | 241.7 | 3% |
| 2019 | 247,800 | 42,432 | 205,368 | 2956.2 | 96% |
| 2020 | 290,956 | 196,903 | 94,053 | 642.8 | 21% |
| 2021 | 520,837 | 395,377 | 125,460 | 323.9 | 7% |
| 2022 | 2,875,453 | 185,252 | 2,690,201 | 865.6 | 44% |
| 2023 | 2,139,272 | 1,074,749 | 1,064,523 | 161.1 | 13% |
In its most recent public year (2023), this organization brought in $1,064,523 more than it spent. Its reserves stood at about 161.1 months of spending, up from -280.4 in 2011. Staff pay was 13% 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
Syracuse Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. 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