Washburn County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 132,068 | 138,734 | −6,666 | 7.2 | 70% |
| 2021 | 139,500 | 139,276 | 224 | 7.2 | 73% |
| 2022 | 147,644 | 127,510 | 20,134 | 9.7 | 68% |
| 2023 | 120,680 | 76,820 | 43,860 | 23.0 | 63% |
In its most recent public year (2023), this organization brought in $43,860 more than it spent. Its reserves stood at about 23 months of spending, up from 7.2 in 2020. Staff pay was 63% 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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