Cherokee County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 160,812 | 158,171 | 2,641 | 0.2 | 0% |
| 2015 | 183,455 | 124,237 | 59,218 | 6.0 | 0% |
| 2016 | 98,796 | 122,951 | −24,155 | 3.7 | 54% |
| 2017 | 81,616 | 91,854 | −10,238 | 3.6 | 70% |
| 2018 | 103,903 | 96,987 | 6,916 | 4.3 | 72% |
| 2019 | 100,924 | 102,229 | −1,305 | 3.9 | 70% |
| 2020 | 646,966 | 590,736 | 56,230 | 1.8 | 13% |
| 2021 | 98,518 | 110,931 | −12,413 | 8.3 | 69% |
| 2022 | 111,488 | 82,811 | 28,677 | 15.3 | 69% |
| 2023 | 91,687 | 97,144 | −5,457 | 12.4 | 75% |
In its most recent public year (2023), this organization spent $5,457 more than it brought in. Its reserves stood at about 12.4 months of spending, up from 0.2 in 2014. Staff pay was 75% of spending. $100,114 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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