Lansdowne Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 213,707 | 196,289 | 17,418 | 3.3 | 50% |
| 2021 | 367,986 | 237,362 | 130,624 | 9.3 | 49% |
| 2022 | 327,796 | 357,879 | −30,083 | 5.2 | 39% |
| 2023 | 339,612 | 353,522 | −13,910 | 4.8 | 41% |
In its most recent public year (2023), this organization spent $13,910 more than it brought in. Its reserves stood at about 4.8 months of spending, up from 3.3 in 2020. Staff pay was 41% 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 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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