Imperial Valley Economic Developement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 419,462 | 636,691 | −217,229 | -0.8 | 50% |
| 2021 | 655,536 | 616,858 | 38,678 | -0.0 | 65% |
| 2022 | 540,384 | 519,342 | 21,042 | 0.5 | 41% |
| 2023 | 787,964 | 722,563 | 65,401 | 1.4 | 55% |
In its most recent public year (2023), this organization brought in $65,401 more than it spent. Its reserves stood at about 1.4 months of spending, up from -0.8 in 2020. Staff pay was 55% 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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