Central Vermont Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 244,793 | 246,405 | −1,612 | 13.0 | 64% |
| 2020 | 248,347 | 255,512 | −7,165 | 11.6 | 58% |
| 2021 | 289,677 | 292,271 | −2,594 | 10.0 | 50% |
| 2022 | 295,591 | 289,800 | 5,791 | 10.3 | 49% |
| 2023 | 420,153 | 451,255 | −31,102 | 6.1 | 40% |
In its most recent public year (2023), this organization spent $31,102 more than it brought in. Its reserves stood at about 6.1 months of spending, down from 13 in 2019. Staff pay was 40% of spending. $10,178 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
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