Perris Community Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 6,927,104 | 118,356 | 6,808,748 | 690.3 | 0% |
| 2015 | 551,622 | 353,297 | 198,325 | 238.0 | 0% |
| 2016 | 176,921 | 1,023,766 | −846,845 | 72.2 | 0% |
| 2017 | 90,800 | 1,948,739 | −1,857,939 | 26.5 | 0% |
| 2018 | 80,923 | 1,163,297 | −1,082,374 | 33.3 | 0% |
| 2019 | 243,279 | 314,576 | −71,297 | 160.3 | 0% |
| 2020 | 175,302 | 711,631 | −536,329 | 60.3 | 0% |
| 2021 | 251,622 | 532,972 | −281,350 | 72.2 | 0% |
| 2022 | 200,690 | 394,987 | −194,297 | 87.3 | 31% |
| 2023 | 200,227 | 696,380 | −496,153 | 38.6 | 16% |
In its most recent public year (2023), this organization spent $496,153 more than it brought in. Its reserves stood at about 38.6 months of spending, down from 690.3 in 2014. Staff pay was 16% of spending. $594,101 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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