Greenville Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,380,406 | 1,215,565 | 1,164,841 | 40.2 | 52% |
| 2021 | 2,418,141 | 2,385,995 | 32,146 | 20.7 | 29% |
| 2022 | 1,984,050 | 4,129,398 | −2,145,348 | 5.7 | 18% |
| 2023 | 2,199,110 | 1,571,011 | 628,099 | 19.8 | 54% |
In its most recent public year (2023), this organization brought in $628,099 more than it spent. Its reserves stood at about 19.8 months of spending, down from 40.2 in 2020. Staff pay was 54% of spending. $321,916 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
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