Carroll County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 215,261 | 192,198 | 23,063 | 13.7 | 26% |
| 2012 | 209,169 | 233,942 | −24,773 | 10.0 | 23% |
| 2013 | 216,311 | 212,550 | 3,761 | 11.2 | 28% |
| 2014 | 209,530 | 215,396 | −5,866 | 10.7 | 30% |
| 2015 | 576,227 | 215,062 | 361,165 | 31.0 | 30% |
| 2016 | 363,168 | 273,138 | 90,030 | 27.2 | 23% |
| 2017 | 214,509 | 248,070 | −33,561 | 28.3 | 25% |
| 2018 | 222,805 | 197,778 | 25,027 | 37.0 | 29% |
| 2019 | 32,102 | 249,896 | −217,794 | 18.9 | 23% |
| 2020 | 326,903 | 180,826 | 146,077 | 35.8 | 47% |
| 2021 | 242,434 | 215,643 | 26,791 | 31.5 | 52% |
| 2022 | 271,465 | 249,459 | 22,006 | 28.3 | 50% |
| 2023 | 1,042,366 | 273,692 | 768,674 | 59.5 | 48% |
In its most recent public year (2023), this organization brought in $768,674 more than it spent. Its reserves stood at about 59.5 months of spending, up from 13.7 in 2011. Staff pay was 48% of spending. $783,400 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
Carroll County Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works