Fullerton Area Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | −23,978 | 9,340 | −33,318 | 142.7 | — |
| 2022 | 3,027 | 15,742 | −12,715 | 68.7 | — |
| 2023 | 45,843 | 11,460 | 34,383 | 130.3 | — |
In its most recent public year (2023), this organization brought in $34,383 more than it spent. Its reserves stood at about 130.3 months of spending, down from 142.7 in 2020.
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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