Valdese Economic Development Investment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 367,720 | 12,624 | 355,096 | 370.6 | 0% |
| 2012 | 96,769 | 67,334 | 29,435 | 74.7 | — |
| 2013 | 64,430 | 73,123 | −8,693 | 45.4 | 0% |
| 2014 | 188,714 | 98,625 | 90,089 | 44.6 | 0% |
| 2015 | 296,724 | 164,348 | 132,376 | 36.5 | 13% |
| 2016 | 195,975 | 160,896 | 35,079 | 39.9 | 37% |
| 2017 | 272,459 | 155,172 | 117,287 | 50.4 | 55% |
| 2018 | 253,143 | 244,598 | 8,545 | 32.4 | 37% |
| 2019 | 306,061 | 209,256 | 96,805 | 43.4 | 50% |
| 2020 | 340,496 | 234,661 | 105,835 | 44.1 | 0% |
| 2021 | 336,472 | 175,710 | 160,762 | 69.9 | 56% |
| 2022 | 283,103 | 145,673 | 137,430 | 95.6 | 67% |
| 2023 | 288,431 | 199,193 | 89,238 | 75.3 | 52% |
In its most recent public year (2023), this organization brought in $89,238 more than it spent. Its reserves stood at about 75.3 months of spending, down from 370.6 in 2011. Staff pay was 52% 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
Valdese Economic Development Investment 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