Boston Local Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,081,694 | 2,056,294 | 25,400 | 33.0 | 9% |
| 2012 | 2,529,066 | 2,367,524 | 161,542 | 29.5 | 8% |
| 2013 | 1,131,693 | 1,258,478 | −126,785 | 54.3 | 13% |
| 2014 | 1,148,669 | 1,130,247 | 18,422 | 60.7 | 14% |
| 2015 | 665,194 | 648,490 | 16,704 | 106.1 | 21% |
| 2016 | 1,241,627 | 1,139,076 | 102,551 | 61.5 | 0% |
| 2017 | 850,484 | 855,001 | −4,517 | 81.8 | 10% |
| 2018 | 916,641 | 893,027 | 23,614 | 78.7 | 8% |
| 2019 | 1,168,675 | 1,104,843 | 63,832 | 64.3 | 12% |
| 2020 | 830,755 | 1,203,777 | −373,022 | 55.3 | 11% |
| 2021 | 895,678 | 680,204 | 215,474 | 101.6 | 17% |
| 2022 | 1,383,525 | 1,013,356 | 370,169 | 72.6 | 12% |
| 2023 | 1,971,693 | 615,592 | 1,356,101 | 145.9 | 27% |
In its most recent public year (2023), this organization brought in $1,356,101 more than it spent. Its reserves stood at about 145.9 months of spending, up from 33 in 2011. Staff pay was 27% of spending. $2,304,245 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
Boston Local Development Corp'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