New Milford Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 62,750 | 17,269 | 45,481 | 31.6 | 0% |
| 2012 | 51,147 | 39,847 | 11,300 | 17.1 | 0% |
| 2013 | 81,000 | 25,121 | 55,879 | 53.8 | 0% |
| 2014 | 37,539 | 10,424 | 27,115 | 160.9 | 0% |
| 2015 | 11,350 | 32,606 | −21,256 | 43.6 | 24% |
| 2016 | 5,897 | 6,629 | −732 | 213.2 | 0% |
| 2017 | 1,356 | 5,549 | −4,193 | 245.7 | 0% |
| 2021 | 65,867 | 37,773 | 28,094 | 37.2 | — |
| 2022 | 57,452 | 68,235 | −10,783 | 18.7 | — |
| 2023 | 22,369 | 41,093 | −18,724 | 25.5 | — |
| 2024 | 29,783 | 59,263 | −29,480 | 11.7 | — |
In its most recent public year (2024), this organization spent $29,480 more than it brought in. Its reserves stood at about 11.7 months of spending, down from 31.6 in 2011.
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 2024. 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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