Grand Avenue Economic Community Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,055,789 | 3,414,399 | 641,390 | 19.3 | 28% |
| 2012 | 3,758,276 | 3,581,574 | 176,702 | 19.0 | 28% |
| 2013 | 4,678,637 | 3,666,794 | 1,011,843 | 21.9 | 27% |
| 2014 | 3,325,960 | 3,628,006 | −302,046 | 21.2 | 28% |
| 2015 | 4,679,651 | 4,027,258 | 652,393 | 21.0 | 28% |
| 2016 | 5,003,145 | 4,621,108 | 382,037 | 19.3 | 25% |
| 2017 | 5,181,788 | 4,762,039 | 419,749 | 19.8 | 27% |
| 2018 | 5,373,465 | 5,041,256 | 332,209 | 19.5 | 28% |
| 2019 | 5,211,102 | 5,388,416 | −177,314 | 17.8 | 28% |
| 2020 | 6,064,557 | 5,821,269 | 243,288 | 17.0 | 27% |
| 2021 | 6,865,821 | 6,426,235 | 439,586 | 16.2 | 27% |
| 2022 | 9,149,222 | 7,497,120 | 1,652,102 | 16.6 | 29% |
| 2023 | 8,057,507 | 8,077,242 | −19,735 | 15.3 | 25% |
In its most recent public year (2023), this organization spent $19,735 more than it brought in. Its reserves stood at about 15.3 months of spending, down from 19.3 in 2011. Staff pay was 25% 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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