May-Port Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 70,391 | 88,956 | −18,565 | 20.7 | — |
| 2021 | 74,994 | 49,097 | 25,897 | 40.8 | 0% |
| 2022 | 100,995 | 54,957 | 46,038 | 48.7 | 0% |
| 2023 | 91,008 | 77,012 | 13,996 | 38.5 | 0% |
In its most recent public year (2023), this organization brought in $13,996 more than it spent. Its reserves stood at about 38.5 months of spending, up from 20.7 in 2020. Staff pay was 0% 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 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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