Garrett County Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 97,366 | 73,350 | 24,016 | 263.3 | 0% |
| 2012 | 72,485 | 41,213 | 31,272 | 477.7 | 0% |
| 2013 | 92,199 | 646,654 | −554,455 | 20.2 | 0% |
| 2014 | 27,888 | 24,320 | 3,568 | 537.6 | 0% |
| 2015 | 27,816 | 28,173 | −357 | 465.6 | 0% |
| 2016 | 28,131 | 641,545 | −613,414 | 9.0 | 0% |
| 2017 | 18,226 | 10,756 | 7,470 | 543.6 | 0% |
| 2018 | 14,261 | 11,110 | 3,151 | 529.7 | 0% |
| 2019 | 15,320 | 14,398 | 922 | 409.5 | 0% |
| 2020 | 311,145 | 262,970 | 48,175 | 24.6 | 0% |
| 2021 | 6,233 | 141,936 | −135,703 | 34.1 | 0% |
| 2022 | 2,294 | 2,870 | −576 | 1686.0 | 0% |
| 2023 | 3,967 | 6,642 | −2,675 | 723.7 | 0% |
In its most recent public year (2023), this organization spent $2,675 more than it brought in. Its reserves stood at about 723.7 months of spending, up from 263.3 in 2011. 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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