East Central Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 76,607 | 49,061 | 27,546 | 6.7 | — |
| 2017 | 202,395 | 178,995 | 23,400 | 3.4 | 0% |
| 2018 | 251,569 | 141,257 | 110,312 | 13.7 | 0% |
| 2019 | 320,764 | 418,725 | −97,961 | 1.8 | 0% |
| 2020 | 436,711 | 207,160 | 229,551 | 17.0 | 0% |
| 2021 | 1,069,244 | 971,935 | 97,309 | 4.8 | 0% |
| 2022 | 1,130,094 | 1,096,426 | 33,668 | 4.6 | 0% |
| 2023 | 300,910 | 634,323 | −333,413 | 1.7 | 0% |
In its most recent public year (2023), this organization spent $333,413 more than it brought in. Its reserves stood at about 1.7 months of spending, down from 6.7 in 2016. 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
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