Mcdowell Economic Development Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 85,910 | 82,431 | 3,479 | 3.6 | — |
| 2012 | 73,716 | 82,979 | −9,263 | 2.2 | — |
| 2013 | 306,501 | 298,654 | 7,847 | 2.4 | 57% |
| 2014 | 445,745 | 386,645 | 59,100 | 3.7 | 56% |
| 2015 | 412,844 | 403,725 | 9,119 | 0.6 | 47% |
| 2016 | 180,029 | 181,225 | −1,196 | 1.2 | 56% |
| 2017 | 239,868 | 247,705 | −7,837 | 0.5 | 56% |
| 2018 | 186,614 | 187,451 | −837 | 0.6 | 69% |
| 2019 | 244,244 | 233,173 | 11,071 | 1.0 | 48% |
| 2020 | 180,858 | 170,739 | 10,119 | 2.1 | 64% |
| 2021 | 154,501 | 139,007 | 15,494 | 3.9 | 79% |
| 2022 | 127,122 | 136,831 | −9,709 | 3.1 | 80% |
| 2023 | 227,897 | 181,319 | 46,578 | 5.5 | 62% |
In its most recent public year (2023), this organization brought in $46,578 more than it spent. Its reserves stood at about 5.5 months of spending, up from 3.6 in 2011. Staff pay was 62% 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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