Central Arizona Regional Economic Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 144,076 | 59,218 | 84,858 | 25.1 | — |
| 2022 | 129,416 | 135,282 | −5,866 | 10.5 | — |
| 2023 | 290,401 | 309,392 | −18,991 | 3.9 | 61% |
In its most recent public year (2023), this organization spent $18,991 more than it brought in. Its reserves stood at about 3.9 months of spending, down from 25.1 in 2021. Staff pay was 61% 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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