Urban Economic Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 579,308 | 521,151 | 58,157 | 6.1 | 47% |
| 2021 | 619,501 | 537,421 | 82,080 | 7.7 | 43% |
| 2022 | 652,783 | 528,856 | 123,927 | 10.7 | 41% |
| 2023 | 427,910 | 685,730 | −257,820 | 3.7 | 44% |
In its most recent public year (2023), this organization spent $257,820 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 6.1 in 2020. Staff pay was 44% of spending. $200,325 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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