Greater Altoona Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 413,527 | 424,204 | −10,677 | 6.4 | 0% |
| 2012 | 419,383 | 390,166 | 29,217 | 7.8 | 0% |
| 2013 | 392,145 | 385,674 | 6,471 | 8.1 | 0% |
| 2014 | 335,474 | 325,496 | 9,978 | 10.0 | 0% |
| 2015 | 350,677 | 347,411 | 3,266 | 9.5 | 0% |
| 2016 | 520,492 | 411,268 | 109,224 | 11.2 | 0% |
| 2017 | 333,513 | 458,768 | −125,255 | 6.8 | 0% |
| 2018 | 342,137 | 367,449 | −25,312 | 7.6 | 0% |
| 2019 | 287,260 | 267,593 | 19,667 | 11.3 | 0% |
| 2020 | 306,545 | 324,841 | −18,296 | 8.7 | 0% |
| 2021 | 283,807 | 294,429 | −10,622 | 9.1 | 0% |
| 2022 | 318,866 | 314,247 | 4,619 | 8.7 | 0% |
| 2023 | 112,929 | 124,780 | −11,851 | 20.9 | 0% |
In its most recent public year (2023), this organization spent $11,851 more than it brought in. Its reserves stood at about 20.9 months of spending, up from 6.4 in 2011. Staff pay was 0% of spending. $17,000 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
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