Strafford Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 782,378 | 746,262 | 36,116 | 135.2 | 46% |
| 2021 | 2,860,903 | 721,943 | 2,138,960 | 175.3 | 43% |
| 2022 | 872,934 | 674,069 | 198,865 | 191.3 | 49% |
| 2023 | 2,431,823 | 791,459 | 1,640,364 | 187.8 | 47% |
In its most recent public year (2023), this organization brought in $1,640,364 more than it spent. Its reserves stood at about 187.8 months of spending, up from 135.2 in 2020. Staff pay was 47% of spending. $1,612,116 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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