Katy Area Economic Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 760,867 | 718,767 | 42,100 | 5.8 | 37% |
| 2012 | 702,799 | 727,740 | −24,941 | 1.8 | 37% |
| 2013 | 729,073 | 770,336 | −41,263 | 1.0 | 37% |
| 2014 | 818,152 | 784,034 | 34,118 | 1.5 | 34% |
| 2015 | 845,110 | 823,818 | 21,292 | 1.8 | 40% |
| 2016 | 904,452 | 853,994 | 50,458 | 2.4 | 40% |
| 2017 | 923,027 | 930,351 | −7,324 | 2.1 | 42% |
| 2018 | 861,495 | 754,526 | 106,969 | 4.3 | 51% |
| 2019 | 647,480 | 990,574 | −343,094 | -0.9 | 32% |
| 2020 | 680,761 | 643,440 | 37,321 | -0.6 | 49% |
| 2021 | 669,601 | 626,257 | 43,344 | 0.2 | 51% |
| 2022 | 578,174 | 645,087 | −66,913 | -1.1 | 52% |
In its most recent public year (2022), this organization spent $66,913 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.1 months), down from 5.8 in 2011. Staff pay was 52% 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 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
Katy Area Economic Development'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