Laurel Redevelopment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 238,890 | 270,086 | −31,196 | 166.6 | 20% |
| 2013 | 340,320 | 506,879 | −166,559 | 84.8 | 11% |
| 2014 | 458,381 | 446,075 | 12,306 | 96.7 | 16% |
| 2015 | 246,393 | 403,225 | −156,832 | 102.3 | 19% |
| 2016 | 288,159 | 420,728 | −132,569 | 94.3 | 18% |
| 2017 | 286,167 | 361,810 | −75,643 | 107.1 | 22% |
| 2018 | 417,960 | 486,394 | −68,434 | 78.0 | 16% |
| 2019 | 477,224 | 267,095 | 210,129 | 151.4 | 26% |
| 2020 | 36,699 | 121,384 | −84,685 | 324.7 | 53% |
| 2021 | −229,086 | 120,213 | −349,299 | 293.0 | 54% |
| 2022 | 1,029,394 | 156,755 | 872,639 | 291.5 | 41% |
| 2023 | 534,965 | 288,060 | 246,905 | 168.8 | 26% |
In its most recent public year (2023), this organization brought in $246,905 more than it spent. Its reserves stood at about 168.8 months of spending, up from 166.6 in 2012. Staff pay was 26% 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
Laurel Redevelopment 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