Palmetto Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,466,049 | 2,545,307 | −79,258 | 0.6 | 40% |
| 2012 | 2,718,300 | 2,640,908 | 77,392 | 0.8 | 42% |
| 2013 | 2,636,435 | 2,684,545 | −48,110 | 0.5 | 47% |
| 2014 | 3,314,926 | 3,228,445 | 86,481 | 0.7 | 42% |
| 2015 | 4,035,134 | 3,758,389 | 276,745 | 1.3 | 39% |
| 2016 | 3,090,513 | 3,310,866 | −220,353 | 0.5 | 42% |
| 2017 | 3,659,257 | 3,657,421 | 1,836 | 4.8 | 39% |
| 2018 | 4,485,401 | 3,858,122 | 627,279 | 4.5 | 32% |
| 2019 | 3,501,037 | 3,182,690 | 318,347 | 6.3 | 39% |
| 2020 | 3,152,652 | 2,718,658 | 433,994 | 8.1 | 58% |
| 2021 | 3,424,081 | 3,237,673 | 186,408 | 8.0 | 53% |
| 2022 | 3,847,469 | 3,695,395 | 152,074 | 6.1 | 49% |
| 2023 | 4,146,690 | 4,119,311 | 27,379 | 5.6 | 48% |
In its most recent public year (2023), this organization brought in $27,379 more than it spent. Its reserves stood at about 5.6 months of spending, up from 0.6 in 2011. Staff pay was 48% 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 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
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