Wayne County Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 27,445 | 34,509 | −7,064 | 35.4 | — |
| 2020 | 404,559 | 4,720 | 399,839 | 1339.6 | 0% |
| 2021 | 402,961 | 212,221 | 190,740 | 40.0 | 0% |
| 2022 | 421,894 | 1,041,338 | −619,444 | 1.1 | 0% |
| 2023 | 272,739 | 208,782 | 63,957 | 8.9 | 10% |
In its most recent public year (2023), this organization brought in $63,957 more than it spent. Its reserves stood at about 8.9 months of spending, down from 35.4 in 2011. Staff pay was 10% 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
Wayne County 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