Economic Improvement Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 23,784,862 | 23,179,639 | 605,223 | 1.3 | 29% |
| 2021 | 20,948,013 | 19,798,164 | 1,149,849 | 2.2 | 33% |
| 2022 | 23,822,992 | 23,327,799 | 495,193 | 2.1 | 34% |
| 2023 | 24,853,738 | 25,401,578 | −547,840 | 1.7 | 35% |
In its most recent public year (2023), this organization spent $547,840 more than it brought in. Its reserves stood at about 1.7 months of spending. Staff pay was 35% of spending. $562,758 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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