Cumberland Area Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,127,730 | 1,463,575 | 664,155 | 21.1 | 37% |
| 2012 | 1,786,440 | 1,423,922 | 362,518 | 24.7 | 38% |
| 2013 | 1,781,073 | 1,479,965 | 301,108 | 26.2 | 40% |
| 2014 | 1,869,110 | 1,789,399 | 79,711 | 22.7 | 36% |
| 2015 | 2,186,478 | 2,007,763 | 178,715 | 21.3 | 37% |
| 2016 | 2,568,835 | 2,231,732 | 337,103 | 21.0 | 35% |
| 2017 | 2,929,180 | 2,963,397 | −34,217 | 15.6 | 29% |
| 2018 | 2,713,012 | 2,776,978 | −63,966 | 16.4 | 30% |
| 2019 | 2,710,264 | 2,919,254 | −208,990 | 15.0 | 32% |
| 2020 | 2,094,990 | 2,280,712 | −185,722 | 20.9 | 41% |
| 2021 | 6,112,770 | 4,800,651 | 1,312,119 | 13.2 | 19% |
| 2022 | 3,992,452 | 2,158,450 | 1,834,002 | 39.6 | 34% |
| 2023 | 3,143,193 | 2,785,708 | 357,485 | 32.2 | 39% |
In its most recent public year (2023), this organization brought in $357,485 more than it spent. Its reserves stood at about 32.2 months of spending, up from 21.1 in 2011. Staff pay was 39% 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
Cumberland Area 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