The Economic Development Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 52,900 | 50,854 | 2,046 | -2.5 | — |
| 2012 | 110,183 | 95,621 | 14,562 | 0.5 | — |
| 2013 | 78,000 | 74,700 | 3,300 | 1.1 | — |
| 2014 | 60,000 | 61,815 | −1,815 | 1.0 | — |
| 2015 | 119 | 187 | −68 | 335.2 | — |
| 2017 | 395,413 | 398,711 | −3,298 | -0.0 | 14% |
| 2018 | 677,266 | 664,166 | 13,100 | 0.2 | 22% |
| 2019 | 3,428,873 | 2,927,980 | 500,893 | 2.1 | 18% |
| 2020 | 4,998,045 | 3,402,318 | 1,595,727 | 7.4 | 21% |
| 2021 | 2,116,902 | 3,096,692 | −979,790 | 4.4 | 40% |
| 2022 | 4,652,433 | 3,694,919 | 957,514 | 6.8 | 38% |
| 2023 | 4,857,078 | 4,454,753 | 402,325 | 6.7 | 39% |
In its most recent public year (2023), this organization brought in $402,325 more than it spent. Its reserves stood at about 6.7 months of spending, up from -2.5 in 2011. Staff pay was 39% of spending. $51,343 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
The Economic Development Group 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