Bloomington Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 365,731 | 355,508 | 10,223 | 11.2 | 51% |
| 2012 | 373,243 | 370,380 | 2,863 | 10.8 | 59% |
| 2013 | 406,336 | 412,031 | −5,695 | 9.6 | 53% |
| 2014 | 431,688 | 433,952 | −2,264 | 9.0 | 56% |
| 2015 | 442,512 | 482,228 | −39,716 | 7.1 | 56% |
| 2016 | 431,574 | 399,046 | 32,528 | 9.6 | 59% |
| 2017 | 436,704 | 454,857 | −18,153 | 7.9 | 61% |
| 2018 | 454,641 | 436,198 | 18,443 | 8.8 | 59% |
| 2019 | 452,902 | 436,055 | 16,847 | 9.0 | 62% |
| 2020 | 453,515 | 393,591 | 59,924 | 11.3 | 62% |
| 2021 | 436,182 | 369,585 | 66,597 | 14.2 | 67% |
| 2022 | 590,621 | 556,710 | 33,911 | 10.2 | 54% |
| 2023 | 563,283 | 583,962 | −20,679 | 9.3 | 56% |
In its most recent public year (2023), this organization spent $20,679 more than it brought in. Its reserves stood at about 9.3 months of spending, down from 11.2 in 2011. Staff pay was 56% 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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