Jersey City Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,009,014 | 934,881 | 1,074,133 | 44.5 | 23% |
| 2021 | 10,799,259 | 11,978,433 | −1,179,174 | 2.4 | 2% |
| 2022 | 2,488,701 | 2,480,555 | 8,146 | 11.2 | 13% |
| 2023 | 1,875,777 | 2,301,668 | −425,891 | 9.8 | 14% |
In its most recent public year (2023), this organization spent $425,891 more than it brought in. Its reserves stood at about 9.8 months of spending, down from 44.5 in 2020. Staff pay was 14% of spending. $479,125 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
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