Albany County Business Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 605,817 | 437,450 | 168,367 | 502.7 | 0% |
| 2012 | 483,982 | 257,257 | 226,725 | 865.3 | 0% |
| 2013 | 451,897 | 315,870 | 136,027 | 709.9 | 0% |
| 2014 | 345,448 | 283,864 | 61,584 | 792.6 | 0% |
| 2015 | 254,779 | 680,991 | −426,212 | 322.9 | 0% |
| 2016 | 348,420 | 446,187 | −97,767 | 490.1 | 0% |
| 2017 | 563,996 | 231,032 | 332,964 | 963.9 | 0% |
| 2018 | 397,113 | 223,083 | 174,030 | 1007.6 | 0% |
| 2019 | 435,069 | 300,979 | 134,090 | 752.2 | 0% |
| 2020 | 3,305,420 | 343,113 | 2,962,307 | 763.4 | 0% |
| 2021 | 2,457,768 | 352,509 | 2,105,259 | 660.1 | 0% |
| 2022 | 383,334 | 200,693 | 182,641 | 1170.3 | 0% |
| 2023 | 646,608 | 383,430 | 263,178 | 619.2 | 0% |
In its most recent public year (2023), this organization brought in $263,178 more than it spent. Its reserves stood at about 619.2 months of spending, up from 502.7 in 2011. Staff pay was 0% of spending. $19,611,029 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 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
Albany County Business Development Corp'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