Griffiss Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,204,816 | 5,652,589 | −447,773 | 52.9 | 6% |
| 2012 | 5,028,864 | 5,548,800 | −519,936 | 52.8 | 6% |
| 2013 | 7,910,116 | 6,694,818 | 1,215,298 | 45.9 | 5% |
| 2014 | 5,021,812 | 7,150,646 | −2,128,834 | 39.4 | 5% |
| 2015 | 4,581,490 | 6,317,380 | −1,735,890 | 41.3 | 7% |
| 2016 | 3,971,532 | 4,638,800 | −667,268 | 48.3 | 9% |
| 2017 | 7,223,326 | 5,471,159 | 1,752,167 | 44.8 | 8% |
| 2018 | 3,271,975 | 5,132,965 | −1,860,990 | 43.4 | 9% |
| 2019 | 5,465,415 | 4,935,878 | 529,537 | 46.2 | 9% |
| 2020 | 6,127,740 | 5,501,187 | 626,553 | 42.8 | 9% |
| 2021 | 3,861,279 | 4,821,797 | −960,518 | 46.5 | 12% |
| 2022 | 5,293,628 | 6,316,948 | −1,023,320 | 34.0 | 10% |
| 2023 | 6,476,737 | 5,706,612 | 770,125 | 39.3 | 12% |
In its most recent public year (2023), this organization brought in $770,125 more than it spent. Its reserves stood at about 39.3 months of spending, down from 52.9 in 2011. Staff pay was 12% 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
Griffiss Local 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