Destination Medical Center Economic Development Agency
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 4,898,473 | 5,886,058 | −987,585 | -0.0 | 9% |
| 2015 | 3,245,774 | 3,231,637 | 14,137 | 0.1 | 6% |
| 2016 | 2,069,225 | 1,974,052 | 95,173 | 0.7 | 22% |
| 2017 | 2,263,603 | 2,282,657 | −19,054 | 0.5 | 26% |
| 2018 | 2,532,200 | 2,512,847 | 19,353 | 0.5 | 25% |
| 2019 | 2,685,643 | 2,657,067 | 28,576 | 0.6 | 25% |
| 2020 | 2,150,237 | 2,172,039 | −21,802 | 0.6 | 32% |
| 2021 | 2,178,384 | 2,009,827 | 168,557 | 1.7 | 40% |
| 2022 | 2,292,653 | 2,378,662 | −86,009 | 1.0 | 46% |
| 2023 | 4,963,508 | 4,916,735 | 46,773 | 0.6 | 24% |
In its most recent public year (2023), this organization brought in $46,773 more than it spent. Its reserves stood at about 0.6 months of spending. Staff pay was 24% 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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