Prism Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 1,950 | 47 | 1,903 | 521.1 | — |
| 2017 | 131,075 | 54,755 | 76,320 | 17.2 | — |
| 2018 | 415,246 | 171,690 | 243,556 | 22.3 | 56% |
| 2019 | 303,637 | 235,897 | 67,740 | 19.7 | 54% |
| 2020 | 317,636 | 335,118 | −17,482 | 13.9 | 38% |
| 2021 | 738,909 | 502,478 | 236,431 | 14.9 | 21% |
| 2022 | 1,155,184 | 754,750 | 400,434 | 16.3 | 13% |
| 2023 | 806,418 | 1,132,129 | −325,711 | 7.1 | 14% |
In its most recent public year (2023), this organization spent $325,711 more than it brought in. Its reserves stood at about 7.1 months of spending, down from 521.1 in 2016. Staff pay was 14% of spending. $60,000 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
Prism 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