Covington Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 25,289 | 16,946 | 8,343 | 144.7 | — |
| 2013 | 32,570 | 24,781 | 7,789 | 102.8 | — |
| 2014 | 31,946 | 29,370 | 2,576 | 85.5 | — |
| 2015 | 38,623 | 29,556 | 9,067 | 88.6 | — |
| 2016 | 28,757 | 21,411 | 7,346 | 126.4 | — |
| 2022 | 57,669 | 73,502 | −15,833 | 13.8 | — |
In its most recent public year (2022), this organization spent $15,833 more than it brought in. Its reserves stood at about 13.8 months of spending, down from 144.7 in 2012.
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 2022. 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
Covington Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. 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