Lawrence Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,887,091 | 4,610,849 | 3,276,242 | 58.0 | 8% |
| 2012 | 4,604,892 | 3,205,658 | 1,399,234 | 88.6 | 15% |
| 2013 | 5,653,241 | 3,101,151 | 2,552,090 | 115.4 | 20% |
| 2014 | 8,829,770 | 3,707,715 | 5,122,055 | 113.1 | 16% |
| 2015 | 4,636,774 | 3,190,244 | 1,446,530 | 136.9 | 19% |
| 2016 | 3,781,172 | 3,231,549 | 549,623 | 137.2 | 18% |
| 2017 | 7,527,354 | 4,591,536 | 2,935,818 | 106.2 | 13% |
| 2018 | 14,320,740 | 4,960,700 | 9,360,040 | 120.6 | 14% |
| 2019 | 3,620,595 | 4,220,142 | −599,547 | 138.9 | 19% |
| 2020 | 4,267,711 | 3,880,768 | 386,943 | 151.9 | 25% |
| 2021 | 9,945,474 | 8,692,159 | 1,253,315 | 69.5 | 13% |
| 2022 | 5,238,055 | 4,448,554 | 789,501 | 137.9 | 22% |
| 2023 | 5,284,486 | 5,128,103 | 156,383 | 120.0 | 22% |
In its most recent public year (2023), this organization brought in $156,383 more than it spent. Its reserves stood at about 120 months of spending, up from 58 in 2011. Staff pay was 22% of spending. $67,212 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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