Martin County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,736,266 | 2,823,506 | −87,240 | 17.2 | 4% |
| 2012 | 1,705,342 | 1,966,591 | −261,249 | 23.0 | 6% |
| 2013 | 1,067,136 | 1,075,255 | −8,119 | 42.0 | 12% |
| 2014 | 1,004,392 | 713,969 | 290,423 | 68.2 | 19% |
| 2015 | 1,817,423 | 610,387 | 1,207,036 | 103.5 | 22% |
| 2016 | 467,565 | 600,185 | −132,620 | 102.6 | 25% |
| 2017 | 460,126 | 556,831 | −96,705 | 104.3 | 24% |
| 2018 | −266,357 | 576,794 | −843,151 | 82.3 | 23% |
| 2019 | −1,635,603 | 513,934 | −2,149,537 | 42.1 | 25% |
| 2020 | 205,096 | 290,380 | −85,284 | 71.1 | 17% |
| 2021 | 273,295 | 229,644 | 43,651 | 92.1 | 23% |
| 2022 | 234,468 | 219,193 | 15,275 | 97.4 | 25% |
In its most recent public year (2022), this organization brought in $15,275 more than it spent. Its reserves stood at about 97.4 months of spending, up from 17.2 in 2011. Staff pay was 25% of spending. $1,512,435 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 2022. 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
Martin County Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. 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