Grow North Regional Economic Development Corporation
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2019 | $126,312 | $121,797 | $4,515 | 8.2 | — |
| 2022 | $190,104 | $187,805 | $2,299 | 6.5 | — |
| 2023 | $128,388 | $79,884 | $48,504 | 22.3 | — |
In its most recent public year (2023), this organization brought in $48,504 more than it spent. Its reserves stood at about 22.3 months of spending, up from 8.2 in 2019.
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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