New Bedford Economic Development Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,002,745 | 1,217,915 | −215,170 | 33.6 | 37% |
| 2013 | 1,247,639 | 1,241,765 | 5,874 | 33.0 | 40% |
| 2014 | 1,420,033 | 1,412,374 | 7,659 | 29.1 | 35% |
| 2015 | 1,811,658 | 1,782,509 | 29,149 | 23.2 | 26% |
| 2016 | 1,512,972 | 1,489,738 | 23,234 | 28.0 | 32% |
| 2017 | 999,457 | 990,284 | 9,173 | 42.2 | 52% |
| 2018 | 1,234,881 | 1,225,198 | 9,683 | 34.2 | 42% |
| 2019 | 1,215,666 | 1,203,724 | 11,942 | 34.9 | 43% |
| 2020 | 1,273,044 | 1,267,294 | 5,750 | 33.2 | 43% |
| 2021 | 2,421,458 | 1,771,112 | 650,346 | 28.2 | 33% |
| 2022 | 2,890,059 | 2,008,196 | 881,863 | 30.1 | 30% |
| 2023 | 3,383,460 | 4,299,183 | −915,723 | 11.5 | 16% |
In its most recent public year (2023), this organization spent $915,723 more than it brought in. Its reserves stood at about 11.5 months of spending, down from 33.6 in 2012. Staff pay was 16% of spending. $1,739,148 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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