Cumberland Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 2,467,065 | 2,418,341 | 48,724 | 0.2 | 5% |
| 2017 | 1,749,341 | 1,645,449 | 103,892 | 1.1 | 9% |
| 2018 | 628,868 | 723,532 | −94,664 | 1.0 | 20% |
| 2019 | 897,728 | 363,897 | 533,831 | 19.5 | 42% |
| 2020 | 396,393 | 462,050 | −65,657 | 13.7 | 41% |
| 2021 | 410,563 | 347,264 | 63,299 | 20.4 | 54% |
| 2022 | 653,368 | 378,868 | 274,500 | 27.4 | 53% |
| 2023 | 2,871,616 | 489,227 | 2,382,389 | 39.9 | 43% |
| 2024 | 1,669,654 | 1,832,302 | −162,648 | 9.6 | 12% |
In its most recent public year (2024), this organization spent $162,648 more than it brought in. Its reserves stood at about 9.6 months of spending, up from 0.2 in 2016. Staff pay was 12% of spending. $408,968 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 2024. 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
Cumberland Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2024. 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