Jay County Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 277,589 | 310,170 | −32,581 | 4.2 | 62% |
| 2021 | 363,017 | 281,019 | 81,998 | 8.1 | 54% |
| 2022 | 419,309 | 337,400 | 81,909 | 9.7 | 51% |
| 2023 | 218,342 | 261,146 | −42,804 | 10.6 | 52% |
In its most recent public year (2023), this organization spent $42,804 more than it brought in. Its reserves stood at about 10.6 months of spending, up from 4.2 in 2020. Staff pay was 52% of spending. $35,705 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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