Lee County Economic Development Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 209,895 | 205,076 | 4,819 | 3.4 | 73% |
| 2012 | 238,474 | 149,181 | 89,293 | 11.8 | 65% |
| 2013 | 217,217 | 241,502 | −24,285 | 7.6 | 50% |
| 2014 | 471,995 | 508,955 | −36,960 | 2.7 | 44% |
| 2015 | 230,443 | 158,320 | 72,123 | 14.2 | 72% |
| 2016 | 639,841 | 510,930 | 128,911 | 7.4 | 22% |
| 2017 | 461,591 | 451,991 | 9,600 | 8.6 | 20% |
| 2018 | 430,644 | 452,363 | −21,719 | 8.1 | 28% |
| 2019 | 400,630 | 452,067 | −51,437 | 6.7 | 22% |
| 2020 | 457,877 | 347,790 | 110,087 | 12.5 | 35% |
| 2021 | 534,006 | 436,947 | 97,059 | 12.6 | 29% |
| 2022 | 903,692 | 534,241 | 369,451 | 18.6 | 24% |
| 2023 | 1,240,993 | 714,577 | 526,416 | 22.8 | 49% |
| 2024 | 530,081 | 930,856 | −400,775 | 12.3 | 35% |
In its most recent public year (2024), this organization spent $400,775 more than it brought in. Its reserves stood at about 12.3 months of spending, up from 3.4 in 2011. Staff pay was 35% of spending.
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 2024. 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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