Skowhegan Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,580 | 10,384 | 12,196 | 1742.0 | 0% |
| 2012 | 124,720 | 8,951 | 115,769 | 2161.1 | 0% |
| 2013 | 16,514 | 9,947 | 6,567 | 1952.6 | 0% |
| 2014 | 16,722 | 7,860 | 8,862 | 2484.6 | 0% |
| 2015 | 3,620 | 7,818 | −4,198 | 2491.6 | 0% |
| 2016 | 23,691 | 7,947 | 15,744 | 2474.9 | 0% |
| 2017 | 22,102 | 9,911 | 12,191 | 1999.2 | 0% |
| 2018 | 29,055 | 7,737 | 21,318 | 2594.0 | 0% |
| 2019 | 39,867 | 44,621 | −4,754 | 448.5 | 0% |
| 2020 | 16,638 | 71,113 | −54,475 | 272.2 | 0% |
| 2021 | 55,664 | 16,926 | 38,738 | 1171.2 | 19% |
| 2022 | −46,435 | 6,635 | −53,070 | 3106.5 | 58% |
In its most recent public year (2022), this organization spent $53,070 more than it brought in. Its reserves stood at about 3106.5 months of spending, up from 1742 in 2011. Staff pay was 58% of spending. $119,967 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 2022. 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
Skowhegan Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. 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