Economic Corporation Of Newport Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 107,114 | 269,979 | −162,865 | 111.8 | 0% |
| 2012 | 108,333 | 44,578 | 63,755 | 694.4 | 0% |
| 2013 | −4,065 | 19,584 | −23,649 | 1566.0 | 0% |
| 2014 | −19,754 | 10,424 | −30,178 | 2907.0 | 0% |
| 2015 | 41,287 | 36,416 | 4,871 | 835.4 | 0% |
| 2016 | 2,793 | 24,068 | −21,275 | 1253.4 | 0% |
| 2017 | −743,573 | 31,501 | −775,074 | 612.7 | 0% |
| 2018 | 57,132 | 49,424 | 7,708 | 392.4 | 0% |
| 2019 | 35,480 | 32,179 | 3,301 | 610.8 | 0% |
| 2020 | 61,467 | 50,196 | 11,271 | 394.3 | 0% |
| 2021 | 26,846 | 81,651 | −54,805 | 234.3 | 0% |
| 2022 | 69,662 | 101,496 | −31,834 | 184.8 | 0% |
| 2023 | −120,797 | 269,294 | −390,091 | 43.3 | 0% |
In its most recent public year (2023), this organization spent $390,091 more than it brought in. Its reserves stood at about 43.3 months of spending, down from 111.8 in 2011. Staff pay was 0% of spending. $972,555 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
Economic Corporation Of Newport Inc'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