Myrtle Beach Regional Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,062,223 | 1,063,218 | −995 | 7.2 | 32% |
| 2013 | 1,090,755 | 1,176,097 | −85,342 | 5.7 | 29% |
| 2014 | 1,644,256 | 1,633,386 | 10,870 | 4.2 | 23% |
| 2015 | 1,078,931 | 827,987 | 250,944 | 11.9 | 32% |
| 2016 | 1,318,863 | 1,168,329 | 150,534 | 9.9 | 24% |
| 2017 | 1,276,651 | 1,044,842 | 231,809 | 13.8 | 27% |
| 2018 | 1,511,059 | 1,105,894 | 405,165 | 17.4 | 27% |
| 2019 | 2,393,123 | 926,375 | 1,466,748 | 39.8 | 28% |
| 2020 | 1,719,733 | 1,229,503 | 490,230 | 34.3 | 22% |
| 2021 | 1,110,794 | 2,343,548 | −1,232,754 | 11.7 | 12% |
| 2022 | 1,152,019 | 1,082,636 | 69,383 | 26.0 | 33% |
| 2023 | 2,740,436 | 2,338,007 | 402,429 | 14.1 | 18% |
| 2024 | 1,274,015 | 1,420,500 | −146,485 | 22.0 | 29% |
In its most recent public year (2024), this organization spent $146,485 more than it brought in. Its reserves stood at about 22 months of spending, up from 7.2 in 2012. Staff pay was 29% of spending. $500,000 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 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
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