Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 60,900 | 4,228 | 56,672 | 1004.9 | — |
| 2019 | 10,250 | 28,714 | −18,464 | 140.2 | — |
| 2020 | 10,000 | 3,649 | 6,351 | 1124.5 | — |
| 2021 | 10,000 | 10,790 | −790 | 408.3 | — |
| 2022 | 0 | 1,951 | −1,951 | 2246.3 | — |
| 2023 | 51,928 | 53,585 | −1,657 | 81.4 | — |
In its most recent public year (2023), this organization spent $1,657 more than it brought in. Its reserves stood at about 81.4 months of spending, down from 1004.9 in 2018.
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
Economic 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