Addison County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 202,702 | 274,049 | −71,347 | 23.0 | 37% |
| 2013 | 222,951 | 202,660 | 20,291 | 32.2 | 54% |
| 2014 | 218,645 | 203,316 | 15,329 | 33.0 | 59% |
| 2015 | 227,257 | 228,660 | −1,403 | 29.3 | 54% |
| 2016 | 242,795 | 225,367 | 17,428 | 30.7 | 65% |
| 2017 | 245,003 | 240,630 | 4,373 | 28.9 | 56% |
| 2018 | 231,337 | 240,539 | −9,202 | 28.3 | 60% |
| 2019 | 277,988 | 360,990 | −83,002 | 16.1 | 52% |
| 2020 | 300,224 | 394,631 | −94,407 | 11.8 | 50% |
| 2021 | 362,506 | 303,015 | 59,491 | 17.8 | 69% |
| 2022 | 329,758 | 339,881 | −10,123 | 15.5 | 56% |
| 2023 | 234,977 | 326,362 | −91,385 | 12.8 | 59% |
In its most recent public year (2023), this organization spent $91,385 more than it brought in. Its reserves stood at about 12.8 months of spending, down from 23 in 2012. Staff pay was 59% of spending. $64,529 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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