Council On Regional Economic Expansion And Educational Dev Co
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 113,429 | 989,460 | −876,031 | 114.0 | 39% |
| 2021 | 173,189 | 1,198,342 | −1,025,153 | 83.9 | 35% |
| 2022 | 289,897 | 1,303,407 | −1,013,510 | 67.8 | 33% |
| 2023 | 420,323 | 1,760,036 | −1,339,713 | 41.1 | 28% |
In its most recent public year (2023), this organization spent $1,339,713 more than it brought in. Its reserves stood at about 41.1 months of spending, down from 114 in 2020. Staff pay was 28% of spending. $6,004,347 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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