Capital Region Economic Developement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,246,582 | 7,178,457 | −931,875 | 8.8 | 0% |
| 2012 | 9,869,657 | 9,005,718 | 863,939 | 8.3 | 0% |
| 2013 | 1,282,150 | 1,455,217 | −173,067 | 50.0 | 0% |
| 2014 | 941,309 | 1,265,862 | −324,553 | 54.4 | 0% |
| 2015 | 958,345 | 1,433,041 | −474,696 | 44.1 | 0% |
| 2016 | 1,969,822 | 1,157,417 | 812,405 | 60.4 | 0% |
| 2017 | 771,936 | 1,001,057 | −229,121 | 67.0 | 0% |
| 2018 | 795,258 | 1,363,856 | −568,598 | 41.8 | 0% |
| 2019 | 1,445,506 | 1,907,332 | −461,826 | 27.0 | 0% |
| 2020 | 1,429,858 | 1,222,542 | 207,316 | 44.5 | 0% |
| 2021 | 947,882 | 1,042,276 | −94,394 | 51.1 | 0% |
| 2022 | 624,391 | 854,256 | −229,865 | 56.7 | 0% |
| 2023 | 1,004,286 | 1,020,754 | −16,468 | 49.0 | 0% |
In its most recent public year (2023), this organization spent $16,468 more than it brought in. Its reserves stood at about 49 months of spending, up from 8.8 in 2011. Staff pay was 0% 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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