Industry Development Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 430,735 | 498,090 | −67,355 | 14.9 | 13% |
| 2012 | 597,328 | 452,345 | 144,983 | 20.4 | 15% |
| 2013 | 606,641 | 513,913 | 92,728 | 19.9 | 15% |
| 2014 | 652,736 | 569,044 | 83,692 | 19.6 | 13% |
| 2015 | 679,262 | 604,002 | 75,260 | 19.8 | 15% |
| 2016 | 674,366 | 646,879 | 27,487 | 19.2 | 14% |
| 2017 | 728,960 | 676,068 | 52,892 | 19.5 | 14% |
| 2018 | 829,800 | 711,552 | 118,248 | 20.0 | 14% |
| 2019 | 1,010,915 | 751,708 | 259,207 | 24.4 | 12% |
| 2020 | 1,021,479 | 643,972 | 377,507 | 36.3 | 14% |
| 2021 | 1,108,624 | 1,243,667 | −135,043 | 17.8 | 8% |
| 2022 | 1,179,329 | 873,473 | 305,856 | 28.1 | 11% |
| 2023 | 1,415,269 | 947,698 | 467,571 | 31.7 | 12% |
In its most recent public year (2023), this organization brought in $467,571 more than it spent. Its reserves stood at about 31.7 months of spending, up from 14.9 in 2011. Staff pay was 12% 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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