Bangor Target Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 248,485 | 325,546 | −77,061 | 56.3 | 10% |
| 2021 | 271,826 | 354,707 | −82,881 | 49.9 | 11% |
| 2022 | 290,646 | 343,424 | −52,778 | 48.3 | 12% |
| 2023 | 326,106 | 318,749 | 7,357 | 53.3 | 14% |
In its most recent public year (2023), this organization brought in $7,357 more than it spent. Its reserves stood at about 53.3 months of spending, down from 56.3 in 2020. Staff pay was 14% 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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