Bridgeport Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 105,928 | 182,854 | −76,926 | 7.6 | 39% |
| 2021 | 2,092,707 | 189,045 | 1,903,662 | 128.2 | 45% |
| 2022 | 347,886 | 483,965 | −136,079 | 46.7 | 17% |
| 2023 | 246,966 | 759,981 | −513,015 | 21.6 | 11% |
In its most recent public year (2023), this organization spent $513,015 more than it brought in. Its reserves stood at about 21.6 months of spending, up from 7.6 in 2020. Staff pay was 11% of spending. $1,150,247 of its net assets are donor-restricted.
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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works