Asheboro Randolph County Area Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 478,325 | 396,430 | 81,895 | 11.6 | 48% |
| 2013 | 446,829 | 332,361 | 114,468 | 18.0 | 53% |
| 2014 | 441,293 | 373,278 | 68,015 | 18.2 | 52% |
| 2015 | 544,291 | 477,017 | 67,274 | 15.9 | 42% |
| 2016 | 443,435 | 360,137 | 83,298 | 23.9 | 61% |
| 2017 | 363,552 | 379,472 | −15,920 | 22.1 | 61% |
| 2018 | 758,132 | 432,554 | 325,578 | 28.5 | 48% |
| 2019 | 485,215 | 408,593 | 76,622 | 32.4 | 61% |
| 2020 | 449,881 | 339,230 | 110,651 | 42.9 | 59% |
| 2021 | 485,535 | 438,871 | 46,664 | 34.4 | 56% |
| 2022 | 546,841 | 556,273 | −9,432 | 27.0 | 52% |
| 2023 | 588,206 | 756,176 | −167,970 | 17.2 | 36% |
| 2024 | 698,603 | 607,123 | 91,480 | 23.2 | 56% |
In its most recent public year (2024), this organization brought in $91,480 more than it spent. Its reserves stood at about 23.2 months of spending, up from 11.6 in 2012. Staff pay was 56% of spending. $20,000 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 2024. 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
Asheboro Randolph County Area Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works