Block Island Economic Development Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 192,128 | 242,523 | −50,395 | 4.4 | 0% |
| 2011 | 295,423 | 354,612 | −59,189 | 1.0 | 2% |
| 2012 | 216,148 | 272,217 | −56,069 | -1.0 | 0% |
| 2013 | −13,178 | 22,267 | −35,445 | -31.0 | 31% |
| 2014 | −13,942 | 28,178 | −42,120 | -43.7 | 0% |
| 2015 | −6,849 | 27,815 | −34,664 | -59.2 | 30% |
| 2016 | −4,449 | 34,314 | −38,763 | -61.5 | 15% |
| 2017 | 54,129 | 87,487 | −33,358 | -28.7 | 11% |
| 2018 | 17,125 | 63,875 | −46,750 | -48.1 | 0% |
| 2019 | 29,869 | 58,877 | −29,008 | -58.1 | 22% |
| 2020 | 50,409 | 47,565 | 2,844 | -71.2 | 19% |
| 2021 | 26,481 | 59,573 | −33,092 | -63.5 | 11% |
In its most recent public year (2021), this organization spent $33,092 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-63.5 months), down from 4.4 in 2010. Staff pay was 11% 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 2021. 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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