Allentown Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,676,645 | 1,978,750 | −302,105 | 144.6 | 19% |
| 2012 | 1,364,639 | 1,648,353 | −283,714 | 171.5 | 26% |
| 2013 | 2,275,717 | 1,491,899 | 783,818 | 195.8 | 24% |
| 2014 | 2,391,678 | 1,608,092 | 783,586 | 187.5 | 20% |
| 2015 | 686,645 | 1,687,284 | −1,000,639 | 171.6 | 25% |
| 2016 | 1,833,125 | 1,635,691 | 197,434 | 178.5 | 27% |
| 2017 | 2,042,350 | 1,589,845 | 452,505 | 187.0 | 28% |
| 2018 | 1,577,103 | 1,775,878 | −198,775 | 161.5 | 29% |
| 2019 | 982,360 | 1,752,558 | −770,198 | 158.4 | 31% |
| 2020 | 1,730,835 | 1,694,481 | 36,354 | 164.0 | 30% |
| 2021 | 1,731,246 | 1,894,181 | −162,935 | 145.7 | 28% |
| 2022 | 2,229,356 | 1,882,934 | 346,422 | 151.4 | 26% |
| 2023 | −13,870,273 | 1,967,055 | −15,837,328 | 48.3 | 31% |
In its most recent public year (2023), this organization spent $15,837,328 more than it brought in. Its reserves stood at about 48.3 months of spending, down from 144.6 in 2011. Staff pay was 31% of spending. $2,887,465 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
Allentown Economic Development Corporation'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