Naugatuck Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 124,350 | 120,485 | 3,865 | 1.7 | 71% |
| 2013 | 123,800 | 128,219 | −4,419 | 1.2 | 66% |
| 2014 | 126,365 | 126,515 | −150 | 1.2 | 70% |
| 2015 | 116,750 | 118,501 | −1,751 | 1.1 | 76% |
| 2016 | 121,125 | 123,885 | −2,760 | 0.8 | 75% |
| 2017 | 121,350 | 126,024 | −4,674 | 0.3 | 76% |
| 2018 | 116,450 | 122,954 | −6,504 | -0.3 | 78% |
| 2019 | 128,500 | 121,462 | 7,038 | 0.4 | 79% |
| 2020 | 120,312 | 120,118 | 194 | 0.4 | 79% |
| 2021 | 131,500 | 118,657 | 12,843 | 1.7 | 80% |
| 2022 | 124,830 | 122,427 | 2,403 | 1.9 | 78% |
| 2023 | 127,680 | 123,114 | 4,566 | 2.3 | 77% |
| 2024 | 123,045 | 123,788 | −743 | 2.3 | 77% |
In its most recent public year (2024), this organization spent $743 more than it brought in. Its reserves stood at about 2.3 months of spending. Staff pay was 77% 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 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
Naugatuck 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