Mcs Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 90,596 | 92,147 | −1,551 | 2.9 | — |
| 2020 | 50,024 | 51,673 | −1,649 | 4.8 | — |
| 2021 | 27,376 | 27,064 | 312 | 9.2 | — |
| 2022 | 343,800 | 302,689 | 41,111 | 2.5 | 65% |
| 2023 | 812,394 | 643,349 | 169,045 | 4.3 | 26% |
In its most recent public year (2023), this organization brought in $169,045 more than it spent. Its reserves stood at about 4.3 months of spending, up from 2.9 in 2019. Staff pay was 26% 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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