Greater New Martinsville Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 175,353 | 126,144 | 49,209 | 33.0 | 45% |
| 2020 | 95,883 | 120,383 | −24,500 | 32.1 | 50% |
| 2021 | 166,629 | 109,091 | 57,538 | 41.7 | 38% |
| 2022 | 128,888 | 118,534 | 10,354 | 39.5 | 37% |
In its most recent public year (2022), this organization brought in $10,354 more than it spent. Its reserves stood at about 39.5 months of spending, up from 33 in 2019. Staff pay was 37% 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 2022. 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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