Cedar Rapids Metro Economic Alliance
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,625,639 | 3,801,253 | −175,614 | 9.5 | 47% |
| 2021 | 4,090,469 | 3,779,997 | 310,472 | 10.7 | 46% |
| 2022 | 3,874,891 | 4,133,906 | −259,015 | 8.3 | 43% |
| 2023 | 3,993,880 | 4,384,098 | −390,218 | 7.3 | 42% |
In its most recent public year (2023), this organization spent $390,218 more than it brought in. Its reserves stood at about 7.3 months of spending, down from 9.5 in 2020. Staff pay was 42% 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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