Massachusetts Economic Development Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,510 | 9,346 | 164 | 32.2 | — |
| 2012 | 11,700 | 20,552 | −8,852 | 9.5 | — |
| 2013 | 6,505 | 9,842 | −3,337 | 15.8 | — |
| 2014 | 12,310 | 6,769 | 5,541 | 32.7 | — |
| 2015 | 60,079 | 22,519 | 37,560 | 29.9 | — |
| 2016 | 45,650 | 79,331 | −33,681 | 3.4 | — |
| 2017 | 10,125 | 44,218 | −34,093 | 2.7 | — |
| 2018 | 5,250 | 30,354 | −25,104 | -6.0 | — |
| 2019 | 23,931 | 24,369 | −438 | -7.6 | — |
| 2020 | 22,950 | 25,453 | −2,503 | -8.5 | — |
| 2021 | 60,835 | 31,318 | 29,517 | 4.4 | — |
| 2022 | 31,410 | 32,158 | −748 | 4.0 | — |
| 2023 | 46,770 | 44,892 | 1,878 | 3.4 | — |
In its most recent public year (2023), this organization brought in $1,878 more than it spent. Its reserves stood at about 3.4 months of spending, down from 32.2 in 2011.
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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