New Opportunities Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 199,949 | 42,044 | 157,905 | 20.6 | 0% |
| 2014 | 124,379 | 55,194 | 69,185 | 30.7 | 0% |
| 2015 | 150,915 | 193,177 | −42,262 | 6.2 | 0% |
| 2016 | 93,576 | 137,812 | −44,236 | 4.8 | 0% |
| 2017 | 17,816 | 39,391 | −21,575 | 10.2 | 0% |
| 2018 | 9,400 | 30,867 | −21,467 | 4.6 | 0% |
| 2019 | 0 | 17,140 | −17,140 | -3.7 | 0% |
| 2020 | 0 | 22,297 | −22,297 | -14.8 | 0% |
| 2021 | 0 | 31,481 | −31,481 | -22.5 | 0% |
| 2022 | 500 | 31,971 | −31,471 | -34.0 | 0% |
| 2023 | 0 | 33,126 | −33,126 | -44.8 | 0% |
In its most recent public year (2023), this organization spent $33,126 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-44.8 months), down from 20.6 in 2013. Staff pay was 0% 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
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