Massachusetts Alliance For Economic Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 449,966 | 525,106 | −75,140 | 10.0 | 57% |
| 2012 | 449,442 | 485,491 | −36,049 | 9.9 | 49% |
| 2013 | 415,819 | 411,354 | 4,465 | 11.8 | 61% |
| 2014 | 441,612 | 433,196 | 8,416 | 11.4 | 58% |
| 2015 | 498,403 | 481,674 | 16,729 | 10.7 | 56% |
| 2016 | 537,438 | 460,896 | 76,542 | 13.2 | 0% |
| 2017 | 527,169 | 490,832 | 36,337 | 12.7 | 59% |
| 2018 | 563,385 | 527,596 | 35,789 | 12.7 | 57% |
| 2019 | 519,124 | 663,237 | −144,113 | 7.5 | 61% |
| 2020 | 712,771 | 616,669 | 96,102 | 9.9 | 65% |
| 2021 | 491,193 | 519,078 | −27,885 | 11.1 | 69% |
| 2022 | 610,661 | 677,852 | −67,191 | 7.3 | 55% |
| 2023 | 482,566 | 747,965 | −265,399 | 2.4 | 50% |
In its most recent public year (2023), this organization spent $265,399 more than it brought in. Its reserves stood at about 2.4 months of spending, down from 10 in 2011. Staff pay was 50% of spending. $59,520 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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