Carroll County Economic Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 540,267 | 1,200,958 | −660,691 | 29.7 | 52% |
| 2021 | 2,769,284 | 1,283,345 | 1,485,939 | 40.5 | 43% |
| 2022 | 2,477,990 | 1,089,815 | 1,388,175 | 64.4 | 51% |
| 2023 | 330,816 | 1,024,893 | −694,077 | 60.6 | 54% |
In its most recent public year (2023), this organization spent $694,077 more than it brought in. Its reserves stood at about 60.6 months of spending, up from 29.7 in 2020. Staff pay was 54% of spending. $2,579,196 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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