Prince Georges County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,692,594 | 4,340,576 | 352,018 | 6.1 | 45% |
| 2021 | 5,714,975 | 3,507,925 | 2,207,050 | 15.3 | 66% |
| 2022 | 4,300,935 | 3,528,402 | 772,533 | 17.9 | 59% |
| 2023 | 5,105,140 | 4,765,863 | 339,277 | 14.1 | 51% |
In its most recent public year (2023), this organization brought in $339,277 more than it spent. Its reserves stood at about 14.1 months of spending, up from 6.1 in 2020. Staff pay was 51% 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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