Palo Alto County Gaming Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,168,079 | 1,400,162 | −232,083 | 27.3 | 1% |
| 2021 | 1,958,710 | 875,912 | 1,082,798 | 58.5 | 1% |
| 2022 | 1,933,845 | 1,546,042 | 387,803 | 36.1 | 1% |
In its most recent public year (2022), this organization brought in $387,803 more than it spent. Its reserves stood at about 36.1 months of spending, up from 27.3 in 2020. Staff pay was 1% 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 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
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