Salisbury Wicomico Economic Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 167,362 | 170,284 | −2,922 | 49.5 | 58% |
| 2012 | 172,461 | 185,406 | −12,945 | 43.9 | 54% |
| 2013 | 223,864 | 185,830 | 38,034 | 46.2 | 55% |
| 2014 | 196,445 | 187,909 | 8,536 | 46.3 | 59% |
| 2015 | 188,823 | 198,366 | −9,543 | 43.2 | 58% |
| 2016 | 238,010 | 230,035 | 7,975 | 37.7 | 61% |
| 2017 | 242,280 | 234,433 | 7,847 | 37.4 | 62% |
| 2018 | 367,208 | 257,667 | 109,541 | 39.1 | 59% |
| 2019 | 279,592 | 270,038 | 9,554 | 37.8 | 57% |
| 2020 | 9,227,479 | 8,583,760 | 643,719 | 2.1 | 2% |
| 2021 | 5,424,669 | 5,628,608 | −203,939 | 2.6 | 3% |
| 2022 | 288,082 | 430,412 | −142,330 | 29.8 | 40% |
| 2023 | 971,279 | 935,320 | 35,959 | 14.2 | 19% |
In its most recent public year (2023), this organization brought in $35,959 more than it spent. Its reserves stood at about 14.2 months of spending, down from 49.5 in 2011. Staff pay was 19% of spending. $704,064 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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