Pawtuckets Business Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 32,631 | 97,408 | −64,777 | 74.0 | 0% |
| 2012 | 75,786 | 56,205 | 19,581 | 132.4 | 0% |
| 2013 | 35,833 | 49,552 | −13,719 | 146.9 | 0% |
| 2014 | 107,630 | 190,082 | −82,452 | 33.1 | 0% |
| 2015 | 17,033 | 16,983 | 50 | 370.0 | 0% |
| 2016 | 16,255 | 24,741 | −8,486 | 249.9 | 0% |
| 2017 | 21,846 | 20,218 | 1,628 | 306.7 | 0% |
| 2018 | 17,591 | 17,094 | 497 | 363.1 | 0% |
| 2019 | 45,470 | 27,947 | 17,523 | 229.6 | 0% |
| 2020 | 235,575 | 56,575 | 179,000 | 140.8 | 0% |
| 2021 | 83,006 | 21,367 | 61,639 | 388.5 | 0% |
| 2022 | 21,191 | 49,954 | −28,763 | 151.4 | 0% |
| 2023 | 180,372 | 257,670 | −77,298 | 25.8 | 0% |
In its most recent public year (2023), this organization spent $77,298 more than it brought in. Its reserves stood at about 25.8 months of spending, down from 74 in 2011. Staff pay was 0% of spending. $473,629 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 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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