Maryland Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 132,544,811 | 162,510,075 | −29,965,264 | -14.3 | 1% |
| 2012 | 132,344,219 | 155,985,923 | −23,641,704 | -16.7 | 1% |
| 2013 | 179,586,322 | 150,589,599 | 28,996,723 | -15.0 | 1% |
| 2014 | 129,082,946 | 148,238,499 | −19,155,553 | -17.9 | 1% |
| 2015 | 139,856,998 | 147,284,020 | −7,427,022 | -18.6 | 1% |
| 2016 | 141,506,041 | 154,425,901 | −12,919,860 | -18.7 | 1% |
| 2017 | 167,558,864 | 151,415,888 | 16,142,976 | -17.8 | 1% |
| 2018 | 136,282,335 | 150,053,728 | −13,771,393 | -19.1 | 1% |
| 2019 | 129,474,410 | 160,505,562 | −31,031,152 | -20.2 | 1% |
| 2020 | 117,023,377 | 148,539,548 | −31,516,171 | -24.3 | 1% |
| 2021 | 118,680,486 | 144,336,566 | −25,656,080 | -27.2 | 1% |
| 2022 | 218,789,271 | 168,008,743 | 50,780,528 | -19.9 | 1% |
| 2023 | 202,169,562 | 207,362,676 | −5,193,114 | -16.6 | 1% |
In its most recent public year (2023), this organization spent $5,193,114 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-16.6 months), down from -14.3 in 2011. Staff pay was 1% of spending. $163,587,914 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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