Forest City Economic Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 355,869 | 306,374 | 49,495 | 26.8 | 29% |
| 2013 | 262,361 | 280,129 | −17,768 | 28.6 | 34% |
| 2014 | 283,716 | 281,158 | 2,558 | 28.6 | 27% |
| 2015 | 271,721 | 230,670 | 41,051 | 37.0 | 33% |
| 2016 | 274,779 | 232,510 | 42,269 | 38.9 | 33% |
| 2017 | 370,365 | 260,148 | 110,217 | 39.6 | 29% |
| 2018 | 210,294 | 199,987 | 10,307 | 52.2 | 37% |
| 2019 | 206,280 | 205,247 | 1,033 | 50.9 | 41% |
| 2020 | 429,082 | 286,330 | 142,752 | 42.5 | 30% |
| 2021 | 214,896 | 224,335 | −9,439 | 53.7 | 43% |
| 2022 | 304,242 | 272,040 | 32,202 | 45.7 | 39% |
| 2023 | 275,696 | 271,057 | 4,639 | 46.1 | 37% |
| 2024 | 233,730 | 237,168 | −3,438 | 52.5 | 44% |
In its most recent public year (2024), this organization spent $3,438 more than it brought in. Its reserves stood at about 52.5 months of spending, up from 26.8 in 2012. Staff pay was 44% of spending. $275,860 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 2024. 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
Forest City Economic Development Inc's IRS filings as a feed — one entry per filing year, through 2024. 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