Lenawee Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 539,599 | 516,752 | 22,847 | 0.4 | 65% |
| 2012 | 340,922 | 294,544 | 46,378 | 2.6 | 59% |
| 2013 | 384,369 | 355,694 | 28,675 | 3.1 | 51% |
| 2014 | 334,135 | 316,127 | 18,008 | 4.2 | 67% |
| 2015 | 340,408 | 355,753 | −15,345 | 3.2 | 61% |
| 2016 | 416,209 | 440,778 | −24,569 | 1.9 | 58% |
| 2017 | 531,211 | 553,745 | −22,534 | 1.1 | 49% |
| 2018 | 576,893 | 560,973 | 15,920 | 1.4 | 51% |
| 2019 | 772,228 | 649,722 | 122,506 | 4.3 | 57% |
| 2020 | 825,054 | 752,246 | 72,808 | 4.9 | 56% |
| 2021 | 1,393,538 | 987,121 | 406,417 | 8.7 | 44% |
| 2022 | 1,882,583 | 1,566,046 | 316,537 | 7.9 | 28% |
| 2023 | 3,488,446 | 3,403,745 | 84,701 | 3.9 | 12% |
In its most recent public year (2023), this organization brought in $84,701 more than it spent. Its reserves stood at about 3.9 months of spending, up from 0.4 in 2011. Staff pay was 12% 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
Lenawee 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