South Houston Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 990,442 | 1,217,995 | −227,553 | 8.2 | 0% |
| 2021 | 1,043,870 | 861,112 | 182,758 | 14.1 | 0% |
| 2022 | 1,189,998 | 1,168,487 | 21,511 | 11.2 | 19% |
| 2023 | 1,280,909 | 1,072,455 | 208,454 | 14.6 | 16% |
In its most recent public year (2023), this organization brought in $208,454 more than it spent. Its reserves stood at about 14.6 months of spending, up from 8.2 in 2020. Staff pay was 16% 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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