Operating record

Clarion County Economic Development Corporation

Clarion, PA · EIN 25-1237688 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$224,234$248,700−$24,46687.639%
2021$48,810$271,167−$222,35770.533%
2022$182,602$231,171−$48,56980.241%
2023$658,226$531,479$126,74737.716%

In its most recent public year (2023), this organization brought in $126,747 more than it spent. Its reserves stood at about 37.7 months of spending, down from 87.6 in 2020. Staff pay was 16% of spending. $423,561 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 ↗