Cabarrus Economic Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 538,497 | 527,827 | 10,670 | 7.5 | 0% |
| 2012 | 488,200 | 511,593 | −23,393 | 7.2 | 0% |
| 2013 | 458,986 | 591,798 | −132,812 | 3.5 | 0% |
| 2014 | 612,292 | 541,697 | 70,595 | 5.4 | 0% |
| 2015 | 539,398 | 507,623 | 31,775 | 6.5 | 0% |
| 2016 | 687,500 | 582,527 | 104,973 | 7.8 | 4% |
| 2017 | 698,613 | 708,436 | −9,823 | 6.3 | 51% |
| 2018 | 693,862 | 662,365 | 31,497 | 7.3 | 60% |
| 2019 | 714,473 | 628,530 | 85,943 | 9.3 | 57% |
| 2020 | 714,466 | 718,710 | −4,244 | 8.1 | 60% |
| 2021 | 748,631 | 680,627 | 68,004 | 9.7 | 49% |
| 2022 | 866,942 | 581,063 | 285,879 | 17.3 | 49% |
| 2023 | 698,355 | 753,850 | −55,495 | 12.4 | 47% |
In its most recent public year (2023), this organization spent $55,495 more than it brought in. Its reserves stood at about 12.4 months of spending, up from 7.5 in 2011. Staff pay was 47% of spending. $17,412 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
Cabarrus Economic Development Inc's IRS filings as a feed — one entry per filing year, through 2023. 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