East Montgomery County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 980,490 | 77,154 | 903,336 | 712.7 | 0% |
| 2021 | 1,101,413 | 47,945 | 1,053,468 | 1410.5 | 0% |
| 2022 | 622,910 | 39,506 | 583,404 | 1889.1 | 0% |
In its most recent public year (2022), this organization brought in $583,404 more than it spent. Its reserves stood at about 1889.1 months of spending, up from 712.7 in 2020. Staff pay was 0% 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
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