Hudson County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 163,115 | 321,230 | −158,115 | 50.6 | 45% |
| 2012 | 278,489 | 267,524 | 10,965 | 61.3 | 56% |
| 2013 | 713,370 | 510,594 | 202,776 | 36.9 | 31% |
| 2014 | 244,792 | 258,757 | −13,965 | 72.1 | 60% |
| 2015 | 120,405 | 129,551 | −9,146 | 143.1 | 45% |
| 2016 | 252,759 | 252,743 | 16 | 73.4 | 22% |
| 2017 | 794,164 | 364,378 | 429,786 | 65.0 | 22% |
| 2018 | 635,256 | 632,960 | 2,296 | 37.5 | 15% |
| 2019 | 565,041 | 626,636 | −61,595 | 36.7 | 13% |
| 2020 | 544,873 | 822,025 | −277,152 | 23.9 | 9% |
| 2021 | 601,542 | 734,233 | −132,691 | 24.6 | 10% |
| 2022 | 649,952 | 539,159 | 110,793 | 36.0 | 19% |
| 2023 | 899,344 | 834,153 | 65,191 | 24.2 | 17% |
In its most recent public year (2023), this organization brought in $65,191 more than it spent. Its reserves stood at about 24.2 months of spending, down from 50.6 in 2011. Staff pay was 17% of spending. $1,586,497 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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