Fostoria Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 160,847 | 152,756 | 8,091 | 22.7 | — |
| 2012 | 161,127 | 199,611 | −38,484 | 15.1 | 39% |
| 2013 | 169,023 | 175,491 | −6,468 | 16.0 | 43% |
| 2014 | 154,253 | 173,923 | −19,670 | 14.8 | 48% |
| 2015 | 163,758 | 144,123 | 19,635 | 19.5 | 64% |
| 2016 | 339,836 | 392,790 | −52,954 | 5.5 | 33% |
| 2017 | 183,218 | 188,863 | −5,645 | 11.2 | 69% |
| 2018 | 221,512 | 218,919 | 2,593 | 9.8 | 66% |
| 2019 | 288,871 | 273,197 | 15,674 | 8.5 | 68% |
| 2020 | 262,649 | 261,818 | 831 | 8.9 | 73% |
| 2021 | 256,572 | 253,651 | 2,921 | 9.3 | 70% |
| 2022 | 294,702 | 360,028 | −65,326 | 4.4 | 76% |
| 2023 | 443,302 | 399,484 | 43,818 | 5.3 | 80% |
In its most recent public year (2023), this organization brought in $43,818 more than it spent. Its reserves stood at about 5.3 months of spending, down from 22.7 in 2011. Staff pay was 80% 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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