Hillsboro Area Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 0 | 0 | 0 | — | — |
| 2018 | 85,013 | 2,907 | 82,106 | 551.4 | 0% |
| 2019 | 86,906 | 5,193 | 81,713 | 497.5 | 0% |
| 2020 | −4,626 | 61,010 | −65,636 | 29.4 | 0% |
| 2021 | 33,743 | 73,836 | −40,093 | 17.9 | 0% |
| 2022 | 0 | 61,499 | −61,499 | 9.4 | 0% |
| 2023 | 6 | 9,025 | −9,019 | 52.0 | 0% |
In its most recent public year (2023), this organization spent $9,019 more than it brought in. Its reserves stood at about 52 months of spending. Staff pay was 0% 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
Hillsboro Area Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works