Wilkes Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,003,349 | 428,716 | 574,633 | 32.2 | 38% |
| 2012 | 500,706 | 353,303 | 147,403 | 44.1 | 53% |
| 2013 | 479,504 | 359,901 | 119,603 | 47.3 | 43% |
| 2014 | 454,853 | 312,396 | 142,457 | 59.9 | 53% |
| 2015 | 456,779 | 394,801 | 61,978 | 49.3 | 37% |
| 2016 | 408,547 | 510,705 | −102,158 | 35.7 | 29% |
| 2017 | 442,350 | 399,611 | 42,739 | 46.5 | 40% |
| 2018 | 359,399 | 359,472 | −73 | 51.7 | 43% |
| 2019 | 369,819 | 357,460 | 12,359 | 52.4 | 46% |
| 2020 | 532,003 | 441,837 | 90,166 | 44.9 | 37% |
| 2021 | 374,575 | 559,982 | −185,407 | 31.4 | 35% |
| 2022 | 2,586,920 | 445,733 | 2,141,187 | 97.1 | 50% |
| 2023 | 1,430,166 | 560,880 | 869,286 | 95.8 | 40% |
In its most recent public year (2023), this organization brought in $869,286 more than it spent. Its reserves stood at about 95.8 months of spending, up from 32.2 in 2011. Staff pay was 40% of spending. $3,867,839 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
Wilkes Economic Development Corporation'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