Brookings Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 978,762 | 724,122 | 254,640 | 12.5 | 26% |
| 2012 | 1,056,793 | 667,855 | 388,938 | 20.5 | 27% |
| 2013 | 1,315,888 | 847,193 | 468,695 | 28.3 | 24% |
| 2014 | 2,158,684 | 973,401 | 1,185,283 | 39.3 | 24% |
| 2015 | 1,581,842 | 1,304,594 | 277,248 | 31.8 | 22% |
| 2016 | 3,270,815 | 1,452,368 | 1,818,447 | 43.6 | 24% |
| 2017 | 893,617 | 1,112,789 | −219,172 | 54.6 | 29% |
| 2018 | 939,800 | 1,140,101 | −200,301 | 51.2 | 28% |
| 2019 | 938,791 | 1,219,959 | −281,168 | 45.0 | 28% |
| 2020 | 760,659 | 1,105,483 | −344,824 | 46.0 | 35% |
| 2021 | 828,178 | 943,093 | −114,915 | 52.4 | 24% |
| 2022 | 2,897,269 | 777,366 | 2,119,903 | 96.3 | 16% |
| 2023 | 778,346 | 960,856 | −182,510 | 75.6 | 14% |
In its most recent public year (2023), this organization spent $182,510 more than it brought in. Its reserves stood at about 75.6 months of spending, up from 12.5 in 2011. Staff pay was 14% of spending. $1,795,905 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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