Fay-Penn Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,116,726 | 3,179,519 | −62,793 | 97.3 | 24% |
| 2012 | 3,765,830 | 3,776,100 | −10,270 | 96.0 | 26% |
| 2013 | 4,393,952 | 3,180,737 | 1,213,215 | 118.5 | 28% |
| 2014 | 4,025,037 | 3,276,909 | 748,128 | 117.8 | 27% |
| 2015 | 4,740,696 | 3,120,168 | 1,620,528 | 172.2 | 27% |
| 2016 | 3,597,556 | 3,165,548 | 432,008 | 171.7 | 27% |
| 2017 | 2,865,275 | 3,452,827 | −587,552 | 154.9 | 24% |
| 2018 | 3,411,201 | 3,421,424 | −10,223 | 155.4 | 23% |
| 2019 | 3,305,380 | 3,677,448 | −372,068 | 144.8 | 19% |
| 2020 | 4,163,921 | 3,778,785 | 385,136 | 143.3 | 20% |
| 2021 | 4,117,570 | 3,828,104 | 289,466 | 143.0 | 21% |
| 2022 | 5,269,897 | 4,155,247 | 1,114,650 | 132.4 | 23% |
| 2023 | 4,236,301 | 4,161,109 | 75,192 | 133.5 | 24% |
In its most recent public year (2023), this organization brought in $75,192 more than it spent. Its reserves stood at about 133.5 months of spending, up from 97.3 in 2011. Staff pay was 24% 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
Fay-Penn Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works