Anne Arundel Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,256,098 | 2,416,956 | −160,858 | 21.4 | 48% |
| 2012 | 2,014,503 | 2,454,194 | −439,691 | 19.0 | 46% |
| 2013 | 2,653,068 | 2,519,320 | 133,748 | 19.1 | 48% |
| 2014 | 3,411,211 | 2,934,649 | 476,562 | 18.4 | 52% |
| 2015 | 3,552,289 | 3,034,450 | 517,839 | 19.8 | 54% |
| 2016 | 3,383,424 | 2,969,215 | 414,209 | 21.9 | 49% |
| 2017 | 3,126,020 | 3,601,931 | −475,911 | 11.5 | 44% |
| 2018 | 3,350,438 | 2,999,795 | 350,643 | 5.0 | 44% |
| 2019 | 4,600,460 | 3,225,441 | 1,375,019 | 9.8 | 43% |
| 2020 | 6,117,104 | 5,118,980 | 998,124 | 8.5 | 30% |
| 2021 | 30,337,180 | 27,700,203 | 2,636,977 | 2.7 | 6% |
| 2022 | 3,951,927 | 3,576,284 | 375,643 | 6.8 | 49% |
| 2023 | 3,689,720 | 3,722,389 | −32,669 | 6.4 | 51% |
In its most recent public year (2023), this organization spent $32,669 more than it brought in. Its reserves stood at about 6.4 months of spending, down from 21.4 in 2011. 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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